Nearly two-thirds of respondents in the US, UK and India, in a GE Aerospace survey, say the pace of implementation of decarbonisation strategies is "too slow"
The Paris Air Show returns today after a four-year hiatus, marking the aviation industry’s return to growth since the Covid pandemic. And a recent survey from one of the industry’s biggest players, GE Aerospace—the aviation arm of General Electric—shows that many people, including in India, expect the industry to miss its target to go net-zero by 2050.
Only 30 percent of respondents in the survey believe that meeting sustainability goals outweighs concerns about supply chain and labour issues. However, 51 percent of those surveyed are unhappy with the pace of progress in implementing sustainability strategies.
Asked if they thought that sustainability strategies in the industry were being implemented at the right pace, they chose “too slow†as their response. The other two choices were “at the right pace†and “too fast.â€
“The aviation industry is focused on the goal of achieving net zero CO2 emissions by 2050, while also recognising the need to accelerate efforts,†Allen Paxson, vice president and general manager of commercial programs strategy at GE Aerospace, said in a report that pulled together the results of the study.
The survey was commissioned by GE’s aviation business. In November 2021, GE announced a plan to split itself into three standalone businesses around health care, power and energy, and aviation and aerospace. In January this year, GE announced the completion of the separation of the health care business.