By Mike Newman, Director of Parhelion Underwriting
Special to The Digest
A transition to carbon-neutral flying is possible and sustainable aviation fuels are the most promising decarbonization pathway in the near term.
As the aviation industry aims to reduce its Greenhouse Gas (GHG) emissions, decoupling airline growth from carbon growth, Sustainable Aviation Fuel (SAF) has emerged as the leading approach to further reduce GHG emissions from jet aircraft.
The world’s aviation sector currently accounts for approximately 2-3% of manmade global carbon emissions. Without timely action, though, aviation could consume up to 22% of the global carbon budget by 2050. To maintain growth and at the same time address its environmental impact, the aviation industry has committed to carbon-neutral growth and reducing net aviation carbon emissions to 50% below 2005 levels by 2050.
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On January 1, 2021, the UK launched its very own emissions trading scheme (the “UK ETS”) exercising its autonomy since departing the EU. Under this scheme, companies operating in.
Decarbonising aviation is only possible with the support of both international political leadership and public-private collaboration.
Cabinet ministers from five countries yesterday launched the Sustainable Aviation Fuel (SAF) Ambassadors group, together with the World Economic Forum.
Chaired by the United Kingdom in its role as the UNFCCC COP26 President, the five governments of Kenya, the Netherlands, Singapore, the United Arab Emirates, and the UK have committed to collectively develop an innovative ‘policy toolkit’ to support scaling SAF deployment.
Although the devastating COVID-19 pandemic has resulted in a drastic drop in air travel and aviation emissions, air travel is expected to soon return to pre-pandemic levels and beyond. Public health responses will enable a return to freedom of travel and personal mobility over the next several years, and airplanes will return to the skies and continue to facilitate the personal and economic benefits provided by the aviation ind
By Lloyd Ritter, Esq., Director, Green Capitol LLC
Special to The Digest
The aviation industry is currently responsible for less than 3% of total global carbon emissions, according to the International Energy Agency (IEA). But with air travel expected to increase by more than 60 percent (compared to pre-pandemic 2019 levels) by mid-century,[1] emissions will continue rising unless changes are made.
The U.S. Energy Information Administration (EIA) expects overall transportation carbon emissions will rise through 2050. Fuel consumption will increase because anticipated energy efficiency gains will not keep pace with increased travel, per EIA. Cost-effective, high-energy-density renewable fuels will remain an important option to decarbonize transportation – especially aviation – in the near-term.