Connect with us

Published

on

In this article

A commercial plane takes off after sunset from Geneva Airport, Switzerland.
FABRICE COFFRINI | AFP | Getty Images

From the Wright brothers’ historic flight in 1903 to the development of supersonic aircraft, the history of aviation has been driven by technology and ambition.

Now, as the 21st century progresses, the sector continues to show its appetite for innovation and radical design.

Last September, for instance, a hydrogen fuel-cell plane capable of carrying passengers took to the skies over England for its maiden flight.

The same month also saw Airbus release details of three hydrogen-fueled concept planes, with the European aerospace giant claiming they could enter service by the year 2035.

More recently, United Airlines announced it had signed a commercial agreement to purchase aircraft from a firm called Boom Supersonic.

In a statement, United said the Overture aircraft — which is yet to be built — was set to be “optimized to run on 100% sustainable aviation fuel.”

All of the above are linked by a focus on technologies designed to reduce aviation’s environmental footprint. This represents a major task, even if the number of flights last year slumped due to the coronavirus pandemic.

According to the International Energy Agency, carbon dioxide emissions from aviation “have risen rapidly over the past two decades,” hitting almost 1 gigatonne in 2019. This, it notes, equates to “about 2.8% of global CO2 emissions from fossil fuel combustion.”

Elsewhere, the World Wildlife Fund describes aviation as “one of the fastest-growing sources of the greenhouse gas emissions driving global climate change.” It adds that air travel is “currently the most carbon intensive activity an individual can make.”

A variety of solutions

Iain Gray is director of aerospace at the U.K.’s Cranfield University. In a phone interview with CNBC, he described zero carbon as “the top priority” for the industry and sought to emphasize the importance of developing a range of solutions to tackle the challenge.

“The really big technology driver is around the propulsion system,” he explained, “but that doesn’t take away from the importance of new technologies around … new lightweight materials, enhanced carbon composite materials, and the systems itself.”

Expanding on his point, Gray provided an example of why the innovations on planes flying above our heads should not be viewed in isolation. 

“There’s a lot of effort goes into reducing the weight on an aeroplane for it only to spend half an hour circling an airport,” he said.

“So the whole interaction of air traffic management with the aircraft itself is a … very important development and new technologies on airspace management are emerging all the time.”

The power of propulsion

Alongside the development of hydrogen fuel-cell planes there’s also been a lot of discussion around electric propulsion in recent years, with firms such as Volocopter and Lilium developing eVTOL, or electric vertical take-off and landing aircraft.

The key with technologies such as these is the types of journeys to which they can be applied.

“If you look at hydrogen fuel cells and you look at batteries, that really is very much aimed at the smaller aircraft, that’s the sub 1,000 kilometer range,” Cranfield’s Iain Gray said.

“You have to do that in a zero carbon way, there’s no question,” he added. “Is that going to make a big difference to the overall CO2 contributions that aviation makes? No.”

“We need to focus on the longer range flights, flights greater than 1,000 kilometers, flights greater than 3,000 kilometers in particular.”

Fueling change

This focus on long-haul trips will be important in the years ahead, even though they make up a small proportion of flights.  

According to a sustainability briefing from Eurocontrol published earlier this year, “some 6% of flights from European airports were long-haul” in 2020, measuring over 4,000 kilometers (around 2,485 miles) in length.

The intergovernmental organization went on to state that “more than half of European aviation’s CO2 emissions were from this tiny proportion of the overall number of flights.”

This viewpoint was echoed by Jo Dardenne, aviation manager at Transport & Environment, a campaign group headquartered in Brussels.

“We shouldn’t forget that the biggest chunk of aviation emissions are linked to long haul flights because you fly longer, you fly higher,” she told CNBC.

“So all in all you’re producing more CO2 … those long haul flights can only be decarbonized by replacing the kerosene that they’re using.”

It’s on these longer journeys that sustainable aviation fuel could have a significant role to play in the future.

Although the European Union Aviation Safety Agency says there’s “not a single internationally agreed definition” of sustainable aviation fuel, the overarching idea is that it can be used to reduce an aircraft’s emissions.

For its part, Airbus describes SAF as being “made from renewable raw material.” It adds that the most common feedstocks are based on crops or used cooking oil and animal fat.

“Currently, the big challenges of sustainable aviation fuel are producing it in the right volumes that are required, and at the right cost point,” Cranfield’s Gray said.

The provenance of feedstocks used for SAF is also important, he explained. “If what you’re doing … to produce sustainable aviation fuel is transporting fuel right across the world using feedstocks from the other side of the planet, then is it really sustainable?”

“The big effort at the moment is looking at how you can produce sustainable aviation fuels in a …  green way.” This could be fuel from waste or local resources, Gray added.

One type of fuel generating interest is e-kerosene, which also goes by the name of synthetic kerosene. According to a briefing from T&E published in February, e-kerosene is produced by combining carbon dioxide and hydrogen.

“What’s great about it is that it can be dropped into these jets without any modification of the engine and of the technology of the plane,” Dardenne said.  

“It’s a carbon neutral fuel, it’s something that can be easily dropped in,” she added. “The only problem is that it’s very expensive.”

Driving cost down will indeed be key in the years ahead, but organizations like T&E are keen to emphasize the potential environmental benefits of using it.

If the CO2 is “captured from the atmosphere” and hydrogen produced using renewables, T&E says “the combustion of e-kerosene will, apart from some residual emissions, be close to CO2 neutral.”

The future

While technology may be developing, the world also needs to come up with rules and regulations focused on the environmental footprint of air travel. 

Examples of these efforts include the Carbon Offsetting and Reduction Scheme for International Aviation and the European Union including carbon dioxide emissions from aviation in its emissions trading system since the year 2012.

In her interview with CNBC, T&E’s Dardenne stressed the importance of “proper regulation.”

She said: “If you price emissions and pollution effectively, then mandate the use of clean technologies, you send the right signals to investors, private and public, to invest in them.” 

“The clearer the regulatory framework the more certainty you can provide to the market that these technologies will have a future,” she added.

“And that will actually bring added value, financial added value, as well as environmental added value.”

Looking at the bigger picture, she went on to state that “proper regulation” would come via effective carbon pricing and fuel mandates, describing the latter as an obligation to use clean fuels. These were, she argued, “the cornerstone of effective aviation decarbonization strategy.”

Continue Reading

Environment

Trump to shut down all 8,000 EV charging ports at federal govt buildings

Published

on

By

Trump to shut down all 8,000 EV charging ports at federal govt buildings

The Trump administration is shutting down EV chargers at all federal government buildings and is also expected to sell off the General Services Administration‘s (GSA) newly bought EVs.

GSA, which manages all federal government-owned buildings, also operates the federal buildings’ EV chargers. Federally owned EVs and federal employee-owned personal EVs are charged on those 8,000 charging ports.

The Verge reports it’s been told by a source that plans will be officially announced internally next week, and it’s seen an email that GSA has already sent to regional offices about the plans:

“As GSA has worked to align with the current administration, we have received direction that all GSA-owned charging stations are not mission-critical.”

The GSA is working on the timing of canceling current network contracts that keep the EV chargers operational. Once those contracts are canceled, the stations will be taken out of service and “turned off at the breaker,” the email reads. Other chargers will be turned off starting next week.

“Neither Government Owned Vehicles nor Privately Owned Vehicles will be able to charge at these charging stations once they’re out of service.” 

Colorado Public Radio first reported yesterday that it had seen the email that was sent to the Denver Federal Center, which has 22 EV charging stations at 11 locations.

Advertisement – scroll for more content

The Trump/Elon Musk administration has taken the GSA’s fleet electrification webpage offline entirely. (An archived version is available here.)

The Verge‘s source also said that the GSA will offload the EVs it bought during the Biden administration, although it’s unknown whether they’ll be sold or stored.

Read more: Trump just canceled the federal NEVI EV charger program


If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist

Published

on

By

Hackers steal .5 billion from exchange Bybit in biggest-ever crypto heist

Ben Zhou, chief executive officer of ByBit, during the Token2049 conference in Singapore, on Thursday, Sept. 14, 2023. 

Joseph Nair | Bloomberg | Getty Images

Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history.

The attack compromised Bybit’s cold wallet, an offline storage system designed for security. The stolen funds, primarily in ether, were quickly transferred across multiple wallets and liquidated through various platforms.

“Please rest assured that all other cold wallets are secure,” Ben Zhou, CEO of Bybit, posted on X. “All withdrawals are NORMAL.”

Blockchain analysis firms, including Elliptic and Arkham Intelligence, traced the stolen crypto as it was moved to various accounts and swiftly offloaded. The hack far surpasses previous thefts in the sector, according to Elliptic. That includes the $611 million stolen from Poly Network in 2021 and the $570 million drained from Binance in 2022.

Analysts at Elliptic later linked the attack to North Korea’s Lazarus Group, a state-sponsored hacking collective notorious for siphoning billions of dollars from the cryptocurrency industry. The group is known for exploiting security vulnerabilities to finance North Korea’s regime, often using sophisticated laundering methods to obscure the flow of funds.

“We’ve labelled the thief’s addresses in our software, to help to prevent these funds from being cashed-out through any other exchanges,” said Tom Robinson, chief scientist at Elliptic, in an email.

The breach immediately triggered a rush of withdrawals from Bybit as users feared potential insolvency. Zhou said outflows had stabilized. To reassure customers, he announced that Bybit had secured a bridge loan from undisclosed partners to cover any unrecoverable losses and maintain operations.

The Lazarus Group’s history of targeting crypto platforms dates back to 2017, when the group infiltrated four South Korean exchanges and stole $200 million worth of bitcoin. As law enforcement agencies and crypto tracking firms work to trace the stolen assets, industry experts warn that large-scale thefts remain a fundamental risk.

“The more difficult we make it to benefit from crimes such as this, the less frequently they will take place,” Elliptic’s Robinson wrote in a post.

WATCH: Crypto stocks plunge

Crypto stocks plunge despite SEC dropping suit against Coinbase

Continue Reading

Environment

Ford Mustang Mach-E is heavily discounted, you can even lease it for less than a Toyota Camry

Published

on

By

Ford Mustang Mach-E is heavily discounted, you can even lease it for less than a Toyota Camry

Ford is offering big savings opportunities right now on its electric vehicles. The Ford Mustang Mach-E can be leased for less than a Toyota Camry in some places despite costing over $10,000 more. Here’s how you can snag some savings.

Ford’s Mach-E is cheaper to lease than a Camry right now

With over 51,700 models sold in 2024, Ford’s Mustang Mach-E was the third best-selling EV in the US behind the Tesla Model Y and Model 3.

The electric Mach-E even outsold the gas-powered Mustang for the first time last year. To keep up with new models like the Honda Prologue and the 2025 Hyundai IONIQ 5, Ford introduced big discounts at the start of the year.

Ford extended its “Power Promise” program in January, offering all EV buyers a free Level 2 home charger. The company will even cover the cost of standard installation. If you already have a home charger, Ford will give you a $1,000 charging credit.

Advertisement – scroll for more content

According to online car research firm CarsDirect, the savings don’t stop there. Through March 31, the 2024 Ford Mustang Mach-E can be leased for as little as $229 for 24 months in Southern California.

Ford-Mach-E-lease-Camry
Ford Mustang Mach-E at a Tesla Supercharger (Source: Ford)

With $4,329 due at signing, the effective cost is just $409 per month. The deal is for the base 2024 Mach-E Select with an MSRP of $39,995 and includes a $7,750 lease cash bonus.

In comparison, the 2025 Toyota Camry Hybrid LE (MSRP $28,400) is listed at $299 for 39 months and $3,598 due upfront, for an effective rate of $391 per month.

Ford-Mach-E-lease-interior
2024 Ford Mustang Mach-E interior (Source: Ford)

Although that’s slightly less than the Mach-E, if you factor in Ford’s other incentives, it’s actually much cheaper. In addition to the $1,000 charging credit, Ford is offering current Tesla owners $1,000 in conquest bonus cash, which can be applied to the purchase or lease of a new vehicle.

The $2,000 in savings brings the effective monthly lease rate to just $326 per month. That’s even $10 cheaper than a 2025 Toyota Corolla LE with an MSRP of just $22,325, or over $17,500 less than the Mustang Mach-E.

Ford-Mach-E-lease-Camry
2025 Ford Mustang Mach-E (Source: Ford)

Alternatively, Ford is offering the 2024 Ford Mustang Mach-E for 0% APR for 72 months plus $2,500 in bonus cash.

Ford also introduced new incentives on the F-150 Lightning last week. The 2024 F-150 Lightning now features a nationwide 0% financing for 72 months offer with additional savings of up to $5,000 off MSRP.

Ford-EV-lease-discounts
Ford Mustang Mach-E (left) and F-150 Lightning (right) (Source: Ford)

The new Flash trim now features an up to $3,000 retail cash bonus, XLT and Lariat trims get up to $4,000, and the Platinum model gets a $5,000 bonus.

Ford’s electric pickup is eligible for the $1,000 Tesla Conquest bonus and public charging credit offer. Ram owners can snag an extra $2,000 from a serperate conquest program.

If you’re ready to test drive Ford’s electric vehicles for yourself, we can help you get started. You can use our links below to find Ford F-150 Lightning and Mustang Mach-E models at a dealer near you.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending