Aviation industry
Net zero
Business ethics

3rd CLIMACT Seminar Series - Episode #9


Feb 13, 2023


11:00 - 12:15

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3rd CLIMACT Seminar Series - Episode #9

Towards True Climate Neutrality for Global Aviation: A Negative Emissions Fund for Airlines

What would it take for aviation to reach the IATA and ICAO goals and become truly climate-neutral by 2050? We model how flight CO2 emissions can be reduced by 90% by 2050, to a level where residual emissions can be removed without crowding out other sectors. To make emitters pay for carbon removal, we propose a negative emissions fund for airlines (NEFA), investing in high-quality carbon removal projects designed for biodiversity and societal co-benefits.

Sascha Nick
Sascha Nick


Sascha NICK is a researcher in societal transitions at the EPFL Lab of Environmental and Urban Economics, focusing on actions levers to accelerate change, such as net zero and negative emissions, participative and deliberative democracy, or sufficiency. His work includes policy, financing, governance, and engaging stakeholders to win acceptance. Current projects: Swiss Negative Emissions Fund, Negative Emissions Fund for Airlines, Academic Citizens’ Assembly, Sufficiency in the Swiss Habitat.

Degrowing the airline industry – a cultural challenge

There is one very irritating aspect of the ecological crisis: For many problems, technological solutions already exist and have been clearly elaborated. However, still not much is happening. Solutions often clash with deeply routinized values and routines. Flying is one of those practices that is so well enmeshed in our way of life that imagining a beyond is unthinkable for many.

Guido Palazzo
Prof. Guido Palazzo


Guido Palazzo is a professor of Business Ethics at the Faculty of business and economics at the University of Lausanne. His research is focused on the responsibility of multinational corporations, unethical decision making in organizations, organized crime, and storytelling for social change. He has published his research in journals such as the Academy of Management Review and the Academy of Management Journal. He is one of the most cited business ethics scholars in the world.

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