The aviation industry is a major contributor to greenhouse gas emissions, accounting for approximately 2-3% of global emissions. In an effort to address this issue, the Rocky Mountain Institute (RMI) has partnered with five global banks to establish the Pegasus Guidelines, a new standard for emissions measurement and reporting in the aviation sector.
The Pegasus Guidelines aim to provide a consistent and transparent framework for measuring and reporting greenhouse gas emissions from aviation activities. This will enable stakeholders, including investors, regulators, and the public, to better understand the environmental impact of the aviation industry and track progress towards emissions reduction goals.
The guidelines cover a range of emissions sources, including aircraft operations, ground handling, and airport infrastructure. They also address the use of sustainable aviation fuels and carbon offsetting mechanisms to help reduce emissions in the short term while longer-term solutions are developed.
One of the key features of the Pegasus Guidelines is the requirement for airlines and other aviation stakeholders to report their emissions data using a standardized methodology. This will ensure that emissions data is comparable across different companies and regions, making it easier to identify trends and best practices for emissions reduction.
The five global banks that have endorsed the Pegasus Guidelines – BNP Paribas, Citi, Itaú Unibanco, Société Générale, and Standard Chartered – have committed to using the guidelines in their financing decisions related to the aviation sector. This will incentivize companies to improve their emissions performance and align with international climate goals.
By establishing a common standard for emissions measurement and reporting in the aviation sector, the Pegasus Guidelines have the potential to drive meaningful change and accelerate progress towards a more sustainable aviation industry. As more companies adopt these guidelines and commit to reducing their emissions, we can expect to see a significant reduction in the environmental impact of air travel in the years to come.
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- Source: https://zephyrnet.com/rmi-5-global-banks-launch-the-pegasus-guidelines-a-voluntary-emissions-measurement-reporting-standard-for-the-aviation-sector-cleantechnica/