Canada investing C$350m to boost drive for sustainable aerospace industry

Canada is investing C$350m ($265m) to help fund efforts to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Champagne said on Monday. The focus will be on hybrid and alternative propulsion, aircraft systems, the transition to alternative fuels, and aircraft support infrastructure, he said in a statement. "(This) ... will help drive and accelerate the green industrial transformation of Canada's aerospace industry, generating 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 broad co-operation to reach "very tough" emission targets. Aviation, which produces around 2% of the world's emissions, is considered one of the hardest sectors to decarbonise. The C$350m includes a C$49m aerospace innovation investment announced in 2019. Airbus said in 2021 it was working on hybrid-electric propulsion among the options for reducing jetliner emissions. It has pledged to introduce the first hydrogen-powered commercial plane in 2035.<br/>