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Rolls-Royce outlines plans for net zero emissions by 2050

Stock Markets37 minutes ago (Jun 17, 2021 06:51AM ET)

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(C) Reuters. FILE PHOTO: A Rolls-Royce logo is seen at the company’s aerospace engineering and development site in Bristol, Britain, December 17, 2015. REUTERS/Toby Melville/File Photo

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LONDON (Reuters) – Britain’s Rolls-Royce (OTC:RYCEY), which makes engines for planes and ships, outlined plans to head towards a net zero emissions by 2050 by ensuring its aero engines can run on sustainable aviation fuels and decarbonising new products.

Rolls-Royce said on Thursday that its new products would be compatible with net zero targets by 2030, and that the whole business would achieve net zero by 2050 at the latest.

In the aviation sector, its biggest business, it plans to make all its engines proven to be compatible to operate with 100% sustainable aviation fuels, which produces less carbon than jet fuel, by 2023.

Rolls-Royce outlines plans for net zero emissions by 2050

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