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HomeEconomyCanada invests $350 million to drive sustainable aerospace development

Canada invests $350 million to drive sustainable aerospace development

OTTAWA (Reuters) – Canada is investing 265 million Canadian dollars (265 million U.S. dollars) in Help fund related work to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Champagne said Monday.

The focus will be on hybrid and alternative propulsion, aircraft systems, transition to alternative fuels and aircraft support infrastructure, he said in a statement.

“(This)…will help drive and accelerate the green industry transition of Canada’s aerospace industry, creating high-value jobs while strengthening supply chains and supporting the transition to a net-zero economy, “He said.

Earlier this month, global airlines called for widespread cooperation to meet “very stringent” emissions targets. The aviation industry generates around 2% of the world’s emissions and is considered one of the hardest industries to decarbonize.

millions of Canadian dollars 265 including millions of Canadian dollars Aerospace Innovation Invests in 2019 announced.

Airbus says 2035 it is investigating hybrid electric propulsion as one of the options to reduce jetliner emissions. It has promised to launch the first hydrogen-powered commercial aircraft in 2035.

In , Vancouver-based seaplane operator Harbor Air conducted the world’s first all-electric commercial flight.

($1=1.3202 Canadian dollars)

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