IAG Committed to Net Zero; but Calls for Fair Regulation

IAG - the airline group which owns Aer Lingus, British Airways, Iberia and Vueling - has reiterated its commitment to sustainability and reaching its net zero targets by 2050; but has called for fairer regulations from governments.

In its half-year results presentation, IAG said: "IAG remains committed to its target of zero net emissions by 2050. IAG advocates for a transition where climate regulations uphold the competitiveness of all airlines globally.

"This means regulators must administer appropriate, fair obligations on all airlines to reduce carbon emissions, alongside providing incentives that support the delivery of each emission-reduction initiative.

"In such context we are continuing to evaluate the European Union’s recent proposal to extend the Emissions Trading System, rather than implement the globally-recognised CORSIA initiative. IAG is also working to encourage the relevant governments and regulators to incentivise the production of Sustainable Aviation Fuel (SAF) as the only realistic long-term path to airline sector decarbonisation.

"An example would be introducing SAF allowances in the UK to match the EU policy helping bridge the price gap between SAF and fossil-based jet fuel. We welcome the UK Government’s recent Call For Evidence regarding the UK SAF mandate targets recognising that these need to be better aligned with the likely supply of SAF."