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Air New Zealand pulls the plug on 2030 climate targetsThis is the sound of the free market saying "It's a stupid idea":
By Charlotte Graham-McLay, Associated Press
Air New Zealand has pulled the plug on its climate targets saying the resources needed to meet them are unaffordable and unavailable.
In a statement the airline said it was removing its 2030 carbon intensity reduction target and will withdraw from the Science Based Targets initiative.
Sustainable transport researcher Dr Paul Callister said Air New Zealand's climate target was unrealistic and was never going to be achieved. ... "We've seen report after report saying that sustainable aviation fuels are not being produced and the quantities they should be and part of the problem is that airlines are not willing to pay the full cost of it. They're wanting cheap fuels and they're wanting government subsidies to pay for those fuels. It's a bit of a vicious cycle.Of course, if customers thought the world was really going to end they might be willing to pay for expensive fuels to prevent that. But no one really believes it.



"They ducked the difficult decisions. They put party before country. The reserve spent more than three times over, only three months into the financial year, and they told no one. The scale of this overspend is not sustainable. Not to act is simply not an option."



Comment: Will there be others?