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'Landmark achievement': Rolls-Royce and easyJet hail successful hydrogen jet engine test

Business Green

Rolls-Royce and easyJet have today confirmed they have achieved a new aviation milestone, after successfully completing the first ground test of a modern aero engine running on hydrogen. The test was hailed as a major step forward for the aviation's industry's decarbonisation efforts by Business Secretary Grant Shapps.

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Hydrogen town woes, local elections and contrail crackdowns: BusinessGreen's most read stories of the week

Business Green

by James Murray @james_bg ) EasyJet, Ryanair, and Wizz slam calls to exclude long-haul flights from contrail crackdown Budget carriers urge European Commission to ignore IATA suggestions that contrail reporting should be voluntary and only apply to flights within Europe. -

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Coronavirus fallout: Calls grow for airlines to face strict climate targets in any rescue deal

Business Green

As a result, several airlines have warned of job cuts or put their staff on unpaid leave in a bid to slash costs, amid warnings from aviation firms that the wider package of measures announced by the Chancellor Rishi Sunak to help struggling UK business would not be enough to save many of those in the aviation sector.

Aviation 101
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Giant offshore wind farms and Labour's net zero promises: BusinessGreen's most read stories of the week

Business Green

by Michael Holder ( @michaelholder ) EasyJet becomes first airline to join Airbus' carbon removal scheme Budget carrier inks deal to purchase removal credits via Airbus' direct air carbon capture and storage-based initiative. -

Carbon 40
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'A lost opportunity': Green campaigners slam £600m Easyjet loan

Business Green

The government has awarded a £600m loan to EasyJet, sparking fierce criticism from green groups who accused ministers of squandering the opportunity to tackle aviation's outsized carbon footprint. The government's new loan fund is offering embattled businesses the chance to apply for loans at pre-crisis commercial rates.

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What investors need to know about carbon credits

EDF + Business

News coverage has dug into carbon credit quality, backtracking on offsetting pledges by Nestlé, EasyJet, and others , and a lawsuit against Delta Air Lines over the company’s credits-based carbon neutral claim.

Carbon 52
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Bank of England admits bond portfolio out of step with Paris climate goals

Business Green

The report shows the Bank of England (BofE) has cut emissions from its own activities - which include printing banknotes, building and business travel - by a third since 2016. He added: "The Bank sits at the heart of the financial system and so it is important we hold ourselves to the same high standards as the firms we regulate.".