article thumbnail

FedEx pledges to be carbon neutral by 2040

GreenBiz

FedEx pledges to be carbon neutral by 2040. Global logistics giant FedEx on Wednesday announced a goal to be carbon neutral by 2040. The plan includes a $2 billion investment across electric vehicles, clean energy for operations and a new academic center with Yale focused on capturing carbon. Carbon Capture.

article thumbnail

Delta lifts off with $1 billion pledge to become carbon neutral

GreenBiz

The airline plans to invest in aircraft renewal, sustainable jet fuel, weight reduction, and CO2 offsetting and sequestration projects.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Portugal power-to-liquid project makes sustainable aviation fuels (SAF) from municipal waste-derived CO2

Envirotec Magazine

Deploying a seemingly innovative technology configuration and design, the group behind it, LIPOR, suggests it is set to revolutionize the waste-to-energy industry while simultaneously decarbonizing the aviation sector.

Aviation 246
article thumbnail

Multi-million pound investment needed in carbon capture technology to mitigate CO2 emissions, report finds

Envirotec Magazine

Multi-million-pound investment is urgently needed in technologies including direct air capture (DAC) if the UK is to make ‘green’ airports a reality in the future, research by Cranfield University seems to reveal. DAC works by capturing CO2 in the air and then either sequestrating it or using it to manufacture carbon neutral fuel.

article thumbnail

Archer Aviation receives $10 million from United Airlines for 100 eVTOL aircraft

Charged

Archer Aviation (NYSE: ACHR) has received a $10-million pre-delivery payment from United Airlines for 100 of the company’s initial production electric vertical takeoff and landing (eVTOL) aircraft. United Airlines Ventures has invested in a diverse roster of companies working in support of our goal to reach carbon neutrality by 2050.

Aviation 131
article thumbnail

'More than affordable': Aviation could offset its way to 'carbon neutrality' with minimal impact on profitability

Business Green

Analysis from Thrust Carbon urges aviation sector to make up front investments that rapidly scale the carbon offsetting market to the scale needed to cover its emissions. We need a white-hot focus on boosting the supply and demand for voluntary carbon offsets across the world.

article thumbnail

Amazon to buy bio jet fuel to lower air cargo emissions

GreenBiz

The move shows the efforts that Amazon is willing to go to eke out carbon emissions across its vast network of planes, vehicles and distribution centers that deliver on-demand goods across the globe. Amazon has pledged to reach net-zero carbon emissions by 2040, and says it will make sure half of Amazon shipments are net-zero by 2030.

Aviation 536