We may soon be flying in planes that run on ‘green fuel’.
IATA, the airline industry’s main lobby group has adopted a target of eliminating carbon on a net zero basis by 2050.
This type of transition would require bold changes across the supply chain, including jet fuel.
It will also cost approximately $2 Trillion.
Hopefully, they don’t replace the drinks on-board with green juices!
Australian shares climbed on Thursday as investors followed the optimism that the US would solve its debt ceiling woes.
The S&P/ASX 200 finished the session 0.7 per cent higher to 7256.7, with technology stocks leading the way with gains of 2.3 per cent.
US futures edged upwards during Thursday’s Australian trading session as the US senate worked towards a temporary solution to the country’s debt ceiling crisis, discussing plans to extend the nation’s borrowing limit until December.
Stabilising US bond yields also helped the tech-heavy Nasdaq overnight and Australian tech stocks provided the biggest rebounds on Thursday.
Afterpay provided gains of 3.1 per cent to $120.63, Xero was ahead 2.8 per cent to $137.41 and Wisetech Global finished the day up 2.9 per cent to $52.28.