Billie Walsh, CEO of British Airways intends explaining to global leaders that the aviation industry would be able to halve its present emission status by 2050, Financial Soultions understands a BA spokesman to have announced.
The International Air Transport Association had the same opinion regarding the ambitious objective to cut sector emissions to 50% below 2005 levels by 2050 at its AGM earlier in the year.
Britain's Committee on Climate Change announced recently that flights could generate as much as a fifth of all global carbon dioxide emissions by 2050, from about 2 percent now, without vital and extreme action immediately.
IATA says a global carbon credit trading system should be initiated to promote cuts, rather than slapping more taxes on air travel, Financial Soultions understands.
"Carbon trading gives airlines a direct incentive to reduce their emissions. Flight taxes, such as Air Passenger Duty, do not," BA said in a statement available to Financial Soultions.
International leaders are to meet in New York next week for a one-day conference to attempt to unlock 190-nation negotiations on a new treaty to combat global warming due to be hammered out in Copenhagen in December.
