Delta Announces $1 Billion Investment to Become Carbon Neutral by 2030

Marco Green
February 15, 2020

The airline did not provide details on how it will invest the money, but it will likely use some of it on carbon-offset programs that funnel funds into environmental projects to help counteract plane emissions.

Airlines specifically account for roughly 2% of global carbon dioxide emissions, and many have set plans to achieve carbon neutral growth from 2020. Airline industry officials worry about the emergence of flight-shaming - reminding people of airplanes' toll on the environment - and its potential to reduce demand for air travel. "Our commitment to carbon neutrality means flying with Delta represents far more than a great travel experience - it's about joining arms to create a better world". Biofuels are in short supply and take years to develop, and there are no immediate prospects of newer jet engines that are more fuel-efficient than those now in the market. Biofuels take years to develop and remain in short supply.

Delta, which has an older fleet on average than many of its major competitors, has gotten poor marks for fuel efficiency.

In a report last September, the International Council on Clean Transportation ranked Delta eighth among 11 US airlines in fuel efficiency per passenger on domestic flights in 2017 and 2018. Delta finished slightly ahead of American Airlines but behind Southwest and United. The number of Europe's carbon neutral airports are growing expeditiously.

Delta said it would pursue efficiencies that reduce jet fuel consumption by investing in new aircraft, improving flight operations, reducing weight and increasing the development and use of sustainable fuels.

Delta burned 4.2 billion gallons of fuel a year ago, 2.5% more than it burned in 2018.

The company, which has made environmentally-conscious moves in the past, will still continue to rely on jet fuel.

And previous year, easyJet made a similar claim that it was going to become the first airline in the world to offset all its carbon emissions. You see it happening in Europe.

Atlanta-based Delta is the world's largest airline by revenue. The company hit $11 billion in revenue in 2019, it said in its full-year report.

Other reports by Click Lancashire

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