News / Everyone must pay the billions needed to reach net zero in air

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Cutting emissions from aviation will cost hundreds of billions of dollars – and companies and governments are going to have to accept that they must pay for it.

Money currently pledged is but a drop in the ocean: FedEx, for example, pledged $100m to help establish the Yale Center for Natural Carbon Capture. In 2020, it said it would spend about $2bn “over the next several years” on sustainability.

But, to put this into context: last year alone it spent $4bn on ...