Airbus reveals carbon footprint of its planes

Airbus reveals carbon footprint of its planes
Airbus calculated that the 863 planes that it delivered in 2019 will emit 740 million tons of CO2 during an estimated 22 years in service. (AFP/File)
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Updated 27 February 2021

Airbus reveals carbon footprint of its planes

Airbus reveals carbon footprint of its planes
  • The current commercial aircraft fleet, including older aircraft, is estimated to emit on average 90 grams per passenger km, according to the NGO International Council on Clean Transportation (ICCT)

PARIS: Airbus unveiled Friday the carbon footprint of its aircraft, a move that will help measure progress made by the aviation industry toward its goal of reducing emissions.

It is the first time an aircraft manufacturer has released lifetime carbon emissions of its aircraft, and Airbus Executive VP Corporate Affairs Julie Kitcher said it was an opportunity to increase transparency in the sector.
“We really want to demonstrate our commitment to driving decarbonization of the sector,” she said.
The industry currently represents 2 percent of global CO2 emissions, according to the International Civil Aviation Organization, but a forecast rise in passenger air traffic means it could add more pollution to the skies unless measures are taken rapidly.
And between the “flygskam” movement, a Swedish neologism meaning “flight shame,” to increasing social responsibility expectations among investors, the industry is under mounting pressure to meet its promise to cut its carbon emissions by half from 2005 levels by 2050.
Airbus calculated that the 863 planes that it delivered in 2019 will emit 740 million tons of CO2 during an estimated 22 years in service.
As a point of comparison, France is estimated to have emitted 441 million tons of CO2 in 2019.
Airbus used the accounting measure for emissions used by most leading firms, the Greenhouse Gas Protocol, including measuring the use of its products by consumers.
Airbus pointed out, however, that the efficiency of its planes is improving.
It calculated that the planes delivered in 2019 will produce on average 66.6 grams of CO2 per passenger per km.

BACKGROUND

● It is the first time an aircraft manufacturer has released lifetime carbon emissions of its aircraft.

● Airbus Executive VP Corporate Affairs Julie Kitcher says it is an opportunity to increase transparency in the sector.

● The industry currently represents 2 percent of global CO2 emissions, according to the International Civil Aviation Organization.

● A forecast rise in passenger air traffic means it could add more pollution to the skies unless measures are taken rapidly.

In 2020, that figure dropped to 63.5 grams per passenger km.
The current commercial aircraft fleet, including older aircraft, is estimated to emit on average 90 grams per passenger km, according to the NGO International Council on Clean Transportation (ICCT).
It estimates that cars produce an average of 122 grams per km, but that figures needs to be divided by the number of passengers in the vehicle to offer a real comparison.
While the information is useful, Airbus’s Kitcher pointed out that it only offers a snapshot of the situation today.
That is because the industry is hoping for the development of sustainable aircraft fuels (SAF) made from renewable sources to reduce its emissions.
The predicted carbon dioxide emission levels would drop if the aircraft that Airbus delivered in 2019 are certified to accept up to 50 percent SAF, although the amount of the green fuel available today is extremely low.
“If we had 50 percent of SAF going into our aircraft today we could reduce the emissions of our aircraft flying already by 40 percent,” Kitcher said.
An increase to 100 percent SAF, the use of hydrogen produced in a renewable manner, or battery powered aircraft could push down emissions even further.
But to reach the 2050 goals, as well as head toward zero emissions, requires a fleet of planes that is 90 percent more efficient than those in 2005 given the expected increase in air travel.
Last year Airbus released three zero-emission concept planes powered by hydrogen that it said could enter service by 2035.
The aviation industry is also counting on better air traffic control and efficiency gains from engines to reduce CO2 emissions.


British Muslim billionaire brothers buy healthy fast food chain

British Muslim billionaire brothers buy healthy fast food chain
Updated 18 April 2021

British Muslim billionaire brothers buy healthy fast food chain

British Muslim billionaire brothers buy healthy fast food chain
  • The deal includes 42 company-owned restaurants, as well as 29 franchise sites
  • The brothers said the firm was a “fantastic brand we have long admired”

LONDON: Britain’s billionaire Issa brothers have bought healthy fast food chain Leon.
More than 70 Leon restaurants across the UK and Europe have been sold for £100 million ($138 million) to EG Group, the petrol station business founded by Mohsin and Zuber Issa, the Financial Times reported.
The deal includes 42 company-owned restaurants, as well as 29 franchise sites, which are mainly found in airports and train stations across the UK and some European countries.
The brothers said the firm, which has been hit badly by the coronavirus pandemic, was a “fantastic brand we have long admired.”
Reports said the group has committed to keeping Leon’s management team and staff the same.
“We have tried hard, done some good things, made a healthy amount of mistakes, and built a business that quite a few people are kind enough to say that they love,” John Vincent, who co-founded Leon in 2004, said.
Speaking about the brothers, he said: “They have been enthusiastic customers of Leon, going out of their way to eat here whenever they visit London.”
“They are decent, hard-working business people who are committed to sustaining and further strengthening the values and culture that we have built.”
In October 2020, the Issa brothers and private equity firm TDR Capital, agreed to buy a majority stake in Asda from Walmart.
The brothers and TDR own EG Group, a global convenience and petrol station retailer, which trades from more than 6,000 sites across 10 countries.


Dubai completes first phase of e-commerce free zone

Dubai completes first phase of e-commerce free zone
Updated 18 April 2021

Dubai completes first phase of e-commerce free zone

Dubai completes first phase of e-commerce free zone
  • It includes 470,000 square feet of real estate
  • The e-commerce sector in the Gulf is booming with the forced closure of bricks and mortar shops during the pandemic giving the industry a further boost

DUBAI: The first phase of a new Dubai fee zone dedicated to e-commerce has been completed.
It includes 470,000 square feet of real estate.
The 3.2 billion dirhams ($871 million) Dubai CommerCity project also includes 145,000 square feet of e-commerce logistics units and warehouses in a cluster managed and operated by Hellmann Worldwide Logistics and DHL.
It has leased 51 percent of the logistics warehouses to companies operating across IT, fashion, jewelry and electronics.
“The launch of Dubai CommerCity aims to lead the future of e-commerce business in the region,” said Sheikh Ahmed Bin Saeed Al-Maktoum, chairman of the Dubai Airport Freezone Authority. “The project has been thoroughly studied not only to provide foundational solutions, but also to stimulate and support business and prosperity at a time when the sector is going through peak growth.”
The e-commerce sector in the Gulf is booming with the forced closure of bricks and mortar shops during the pandemic giving the industry a further boost.
The free zone provides opportunities for manufacturers, distributors and global e-retailers while offering tax and investment incentives, it said.
It is divided into three main clusters — Business, Logistics and Social.


Emirates NBD, Etihad Credit Insurance ink deal to ease trade finance access for UAE businesses

Emirates NBD, Etihad Credit Insurance ink deal to ease trade finance access for UAE businesses
Updated 18 April 2021

Emirates NBD, Etihad Credit Insurance ink deal to ease trade finance access for UAE businesses

Emirates NBD, Etihad Credit Insurance ink deal to ease trade finance access for UAE businesses
  • The deal will help the UAE lender to reduce any risks that may be associated with credit facilities

DUBAI: UAE export credit company, Etihad Credit Insurance (ECI), has signed an agreement with Emirates NBD to improve liquidity of UAE exporters by easing their access to credit facilities.
The deal will help the UAE lender to reduce any risks that may be associated with credit facilities, so businesses can pursue export and expansion opportunities, according to a joint statement.
More than 80 per cent of world trade relies on trade finance, ECI’s chief Massimo Falcioni said, and the agreement will allow Emirates NBD to offer innovative financial solutions to their clients.
Governments in the Gulf have been investing in strengthening local businesses as a strategy to recover from the COVID-19 pandemic, and to gradually veer away from oil-dependence.

 

 


Italian fashion brand Diesel launches online shopping platform in KSA, UAE

Italian fashion brand Diesel launches online shopping platform in KSA, UAE
Updated 18 April 2021

Italian fashion brand Diesel launches online shopping platform in KSA, UAE

Italian fashion brand Diesel launches online shopping platform in KSA, UAE
  • The website will feature new collections of the fashion line, as well as exclusive deals for online shoppers

DUBAI: Italian fashion retailer Diesel has launched its own e-commerce platform for customers in Saudi Arabia and the UAE, the company said on Sunday.
The website will feature new collections of the fashion line, as well as exclusive deals for online shoppers. It will also offer free shipping for customers in both countries.
Diesel has been in the market for four decades and is known for its denim and casual fashion offerings.
The COVID-19 pandemic has created huge demand for online shopping in the Gulf, with many retailers accelerating their digital efforts to take advantage of it


Kuwaiti coffee delivery app raises $10m in new funding

Kuwaiti coffee delivery app raises $10m in new funding
Updated 18 April 2021

Kuwaiti coffee delivery app raises $10m in new funding

Kuwaiti coffee delivery app raises $10m in new funding
  • The funding was provided by Kuwaiti listed investment house Al Imtiaz Investment Group
  • COFE was conceived in 2017 by Kuwait-based founder Ali Al-Ebrahim, developed in Silicon Valley and launched in 2018

DUBAI: Kuwaiti coffee delivery app COFE has raised $10 million in new funding, which it aims to use to scale up its operations in Kuwait, Saudi Arabia, the UAE and the UK and to expand into Egypt and Turkey.
The funding was provided by Kuwaiti listed investment house Al Imtiaz Investment Group. COFE was conceived in 2017 by Kuwait-based founder Ali Al-Ebrahim, developed in Silicon Valley and launched in 2018.
“From its early days, COFE has shown tremendous potential as a unique offering that caters to discerning coffee connoisseurs and their consumption habits, while helping to grow and transform revenue streams for vendors. Our partners have recognized this and are confident in our ability to serve existing customers and vendors, while expanding into new markets,” Al-Ebrahim said in a press statement.
Zev Siegl, a co-founder of international coffee chain Starbucks, is also an adviser to COFE. “I am happy to collaborate with the COFE App team and proud of the success and development they’ve achieved,” Siegl told the Mubasher website in April 2019. “During my stay in Kuwait, I visited more than 20 coffee shops and I was impressed by the high level of service, innovation and the high demand on coffee shops which ensure that the COFE app market will keep on growing and will reach the international market very soon.”