Tag Archives: growth
Aviation Industry Aims For Carbon-Neutral Growth
June 20, 2013 | Filed under: Air Freight , Breaking News , Environment , Government | Posted by: Charles Pauka Photo courtesy of Heathrow Airport. The International Air Transport Association (IATA) 69th Annual General Meeting (AGM) overwhelmingly endorsed the resolution on “Implementation of the Aviation Carbon-Neutral Growth (CNG2020) Strategy.” The resolution provides governments with a set of principles on how governments could: Establish procedures for a single market-based measure (MBM). Integrate a single MBM as part of an overall package of measures to achieve CNG2020. “Airlines are committed to working with governments to build a solid platform for the future sustainable development of aviation. They have come together to recommend to governments the adoption of a single MBM for aviation and provide suggestions on how it might be applied to individual carriers. Now the ball is in the court of governments. We will be strongly supporting their leadership as they seek a global agreement through the International Civil Aviation Organisation (ICAO) at its assembly later this year,” said Tony Tyler, IATA’s director general and CEO. Environment will be at the top of the agenda for the 38th ICAO Assembly in September 2013. The aviation industry urgently needs governments to agree, through ICAO, a global approach to managing aviation’s carbon emissions, including a single global MBM. IATA member airlines agreed that a single mandatory carbon offsetting scheme would be the simplest and most effective option for an MBM. “For governments, finding agreement on MBM will not be easy. It was difficult enough for the airlines, given the potential financial implications. Bridging the very different circumstances of fast-growing airlines in emerging markets and those in more mature markets required a flexible approach and mutual understanding. But sustainability is aviation’s licence to grow. With that understanding and a firm focus on the future, airlines found an historic agreement. This industry agreement should help to relieve the political gridlock on this important issue and give governments momentum and a set of tools as they continue their difficult deliberations,” Mr Tyler said. “Aviation is the first industry to suggest a global approach to the application of a single MBM to manage its climate change impact. This keeps aviation in the forefront of industries on managing carbon emissions. It was also the first to agree global targets. These are: improving fuel efficiency by 1.5% annually to 2020, capping net emissions with CNG2020, and cutting emissions in half by 2050 compared to 2005. And it was also the first to agree on a global strategy to achieve them. “An MBM is one of the four pillars of the aviation industry’s united strategy on climate change. Improvements in technology, operations and infrastructure will deliver the long-term solution for aviation’s sustainability. “Today’s agreement focuses on a single global MBM as part of a basket of measures. A single MBM will be critical in the short-term as a gap-filler until technology, operations and infrastructure solutions mature. So we cannot take our eye off the ball on developing sustainable low-carbon alternative fuels, achieving the Single European Sky or the host of other programs that will improve aviation’s environmental performance,” Mr Tyler said. An MBM should be designed to deliver real emissions reductions, not revenue generation for governments. The principles agreed apply to emissions growth post-2020. “Airlines are delivering results against their climate change commitments. For example, we are on track to achieve our 1.5% average annual fuel efficiency target. We need governments to be serious partners as well. Developing an MBM must not become an excuse for revenue generation by cash-strapped governments, or for avoiding incentivising investments in new technologies and sustainable low-carbon alternative fuels,” said Mr Tyler. A summary of the principles of the resolution includes the following: Setting the industry and individual carrier baselines using the average annual total emissions over the period 2018–2020. Agreeing to provisions/adjustments for: – Recognizing early movers, benchmarked for 2005–2020 with a sunset by 2025. – Accommodating new market entrants for their initial years of operation. – Fast-growing carriers. Adopting an equitable balance for determining individual carrier responsibilities that includes consideration of: – An ‘emissions share’ element (reflecting the carrier’s share of total industry emissions). – A post-2020 ‘growth’ element (reflecting the carrier’s growth above baseline emissions). Reporting and verification of carbon emissions that is: – Based on a global standard to be developed by ICAO. – Simple and scalable based on the size and complexity of the operator. Instituting a periodic CNG2020 performance review cycle that revises individual elements and parameters as appropriate. Continue reading
Enel Green To Invest $5.5 Billion To Tap Emerging Market Growth
By Alessandra Migliaccio – Apr 16, 2013 11:00 AM GMT Enel Green Power SpA (ENEL) will invest about 4.2 billion euros ($5.5 billion) through 2017 in emerging markets such as Turkey, South Africa, Morocco , Peru , Colombia and Brazil, Chief Executive Officer Francesco Starace said. “Given the circumstances, we are very pleased to say that we keep investing,” Chief Executive Officer Francesco Starace said in an interview today. “Countries like Turkey and Brazil have endless growth potential.” 0:51 April 16 (Bloomberg) — Francesco Starace, chief executive officer of Enel Green Power SpA, discusses the company’s emerging-market strategy and overall investment plan. Enel Green Power, the clean-energy unit of Italy’s biggest utility, confirmed its overall investment plan of 6.1 billion euros ($7.9 billion) over the next four years, 69 percent of which will be focused on emerging markets such as Turkey, Mexico and Brazil. (Excerpts. Source: Bloomberg) Starace confirmed the company’s overall investment plan of 6.1 billion euros in the next four years. The growth will be “organic” and the projects will be self-financed, he said. By 2017 installed capacity in emerging markets will grow fourfold from last year to 3,600 megawatts, according to a company statement released today. The clean-energy unit of Italy ’s biggest utility is taking advantage of growth in emerging countries to offset weaker demand at home because of recession and lower subsidies. Power demand in Latin America will increase 4.9 percent this year, according to Enel data. Enel Green is also diversifying its energy mix taking advantage of sources like geothermal and biomass, Starace said. “It’s a good hedge against risks,” he said. “It’s a lot less risky to put in a solar plant and a lot of people can do that, whereas it’s more difficult to install geothermal and so we are investing in this.” The Rome-based company forecast its earnings before interest, tax, depreciation and amortization targets of 1.8 billion euros this year, around 2.4 billion euros in 2015, and up to 2.7 billion euros in 2017, according to the new 2012-2017 strategic plan presented to analysts today. To contact the reporters on this story: Alessandra Migliaccio in Rome at amigliaccio@bloomberg.net ; To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net . Continue reading