{"id":85440,"date":"2022-04-20T12:49:57","date_gmt":"2022-04-20T12:49:57","guid":{"rendered":"https:\/\/mytravelleader.com\/?p=85440"},"modified":"2022-04-20T12:49:57","modified_gmt":"2022-04-20T12:49:57","slug":"jetblue-invests-in-multibillion-dollar-green-fund-travel-weekly","status":"publish","type":"post","link":"https:\/\/mytravelleader.com\/transport\/jetblue-invests-in-multibillion-dollar-green-fund-travel-weekly\/","title":{"rendered":"JetBlue invests in multibillion-dollar green fund: Travel Weekly"},"content":{"rendered":"<p>The venture capital arm of JetBlue has become the latest aviation partner of the green investment fund TPG Rise Climate.\u00a0<\/p>\n<p>JetBlue Technology Ventures will also be a limited partner of TPG Rise Climate, and expects to space its investment over annual payments that last six to 10 years, said JetBlue Technology Venture president Amy Burr.<\/p>\n<p>She declined to say how much the airline will contribute, but said the annual check would be sizable, and large enough for JetBlue to feel like it has a seat at the table as TPG Rise Climate strategizes about its investments.\u00a0<\/p>\n<ul>\n<li><strong><em>Related: Alaska Airlines forms investment arm for emissions initiatives<\/em><\/strong><\/li>\n<\/ul>\n<p>The investment fund, which had raised $6.8 billion according to a February financial filing, is focused on supporting climate solutions at scale. Its executive chairman is former U.S. Treasury secretary Hank Paulson. Other aviation-sector investors include Delta, Boeing, Federal Express and aircraft-component developer Honeywell Aerospace.<\/p>\n<\/p>\n<p><img decoding=\"async\"  alt='Amy Burr'  Title='Amy Burr'  src=\"https:\/\/ik.imgkit.net\/3vlqs5axxjf\/TW\/ik-seo\/uploadedImages\/Art\/2022\/0425\/T0425AmyBurr_c\/Amy-Burr.jpg\" class=\"img-responsive img-fullwidth\"\/><\/p>\n<p>Burr noted that decarbonizing transportation is among the five focuses of the Rise Climate Fund. That emphasis jibes with priorities at JetBlue, which has set goal of achieving net-zero emissions by 2040. <\/p>\n<p>It also complements the goals of JetBlue Technology Ventures, which already counts four companies doing work in sustainable aviation. Those companies are electric vertical takeoff and landing\u00a0 aircraft developer Joby Aviation; Electric Power Systems, which is developing modular battery power for electric aircraft; Universal Hydrogen, which is working on a delivery system for green hydrogen fuel; and Air Company, which plans to develop a technology to convert carbon dioxide into jet fuel.\u00a0<\/p>\n<p>Burr said that by putting money into an enormous fund like TPG Rise Climate, JetBlue can be involved in investments on a much larger scale that it can on its own.\u00a0<\/p>\n<p>In addition, she said, Rise Climate is considering creating a small coalition to focus on optimizing sustainable aviation fuel development.\u00a0<\/p>\n<p>&#8220;We&#8217;re thinking about what is going to be the future of decarbonizing the industry &#8212; what is going to be relevant in five or seven or 10 years to help this industry move beyond where we are today,&#8221; Burr said.<\/p>\n<p>Source: <a href=\"https:\/\/www.travelweekly.com\/Travel-News\/Airline-News\/JetBlue-invests-TPG-Rise-Climate\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The venture capital arm of JetBlue has become the latest aviation partner of the green investment fund TPG Rise Climate.\u00a0<\/p>\n","protected":false},"author":2,"featured_media":85439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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