Press "Enter" to skip to content

Delta to invest $1 bln to curb climate impact

Delta Air Lines (NYSE:DAL) made a vow on Valentine’s Day: it plans to become the world’s first carbon-neutral airline. To that end, the carrier said Friday it’ll invest $1 billion over the next decade to curb the impact of global air travel on the environment. That makes it the first airline to make a big monetary commitment.

Delta plans to help fund research and projects that involve clean air technologies and the reduction of carbon emissions and waste. But it didn’t give details on just how it’ll invest that money.

Air carriers like Delta have a big impact on the environment. The aviation industry accounts for roughly 2% of global carbon dioxide emissions, and that comes amid the big increase in air travel. The industry plans to achieve carbon neutral growth from 2020.

But with few options available to cut emissions, carriers are investing in environmental projects to offset that.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *