The European Commission yesterday proposed the creation of a €1.6 billion ($2.14 billion) "Clean Sky" Joint Technology Initiative, which it called a "major public-private research partnership to reduce the environmental impact of aviation." The JTI's objective is to reduce the industry's carbon dioxide emissions by 40%, nitrous oxide emissions by 60% and noise by 50% through the delivery of "innovative technologies and solutions" developed in time to be incorporated into "the major ...

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