conclusion Bombardier Business Aircraft | Market Forecast 2011-2030 49 The business aircraft industry will likely face new challenges going forward. As fuel prices and environmental concerns rise, the green wave is expected to modify customers’ actions and perceptions in the future. The industry has anticipated this by announcing its commitment on climate change to reduce total CO 2 emissions by 50% by 2050 relative to 2005 levels. Bombardier continues to be proactive in addressing environmental concerns through corporate social responsibility initiatives such as being the first aircraft manufacturer to offer business aircraft customers a fully managed carbon-offset program. Also, OEMs will have to contribute to develop worldwide infrastructure to support the expected rapid growth of business aviation in Growth Markets. Despite short-term challenges that are likely to occur along the way, the long-term prospects for business aviation are solid, and Bombardier expects the industry to reach new heights over the next 20 years. The long-term prospects for business aviation are solid and Bombardier expects the industry to achieve new heights in the next 20 years.