Airlines set new fuel efficiency, carbon goals

The world's airlines have agreed to new fuel efficiency and carbon emission targets which go much further than the levels required through regulation, an industry group said on Saturday. The International Air Transport Association (IATA), which represents 230 airlines, said that carriers, airports and aerospace firms had pledged to improve fuel efficiency by 1.5 percent a year annually until 2020.
At a meeting in Montreal, they also set a goal of having carbon-neutral growth by 2020 and to record a 50 percent net reduction of carbon emissions in 2050 compared to 2005 levels.