IATA: Incentives Needed to Increase Sustainable Aviation Fuels Production

Α Decrease font Enlarge font
IATA: Incentives Needed to Increase Sustainable Aviation Fuels ProductionHydrogen and/or electric propulsion systems will most likely be available for short-haul commercial flights by 2035

 The International Air Transport Association (IATA) called for governments to urgently put in place large-scale incentives to rapidly expand the use of sustainable aviation fuels (SAF) as aviation pursues its commitment to achieving net-zero carbon emissions by 2050.

To fulfill aviation’s net-zero commitment, current estimates are for SAF to account for 65% of aviation’s carbon mitigation in 2050. That would require an annual production capacity of 449 billion liters. Investments are in place to expand SAF's annual production from the current 125 million liters to 5 billion by 2025. With effective government incentives, production could reach 30 billion liters by 2030, which would be a tipping point for SAF production and utilization.

“Governments don’t need to invent a playbook. Incentives to transition electricity production to renewable sources like solar or wind work. As a result, clean energy solutions are now cheap and widely available. With similar incentives for SAF, we could see 30 billion liters available by 2030. Though still far from where we need to be, it would be a clear tipping point towards our net-zero ambition of ample SAF quantities at affordable prices,” said Willie Walsh, IATA’s Director General at the 78th IATA Annual General Meeting in Doha, Qatar.

In 2021, irrespective of price (SAF is between two and four times the price of conventional jet fuel), airlines have purchased every drop of the 125 million liters of SAF that was available. And already more than 38 countries have SAF-specific policies that clear the way for the market to develop. Taking their cue from these policy measures, airlines have entered into $17 billion of forward-purchasing agreements for SAF.

Incentives to Ramp-up Production
Further investment in production needs support from the right policies. This would boost supply and drive down costs.

Electricity production through solar or wind power faced similar hurdles as these technologies replaced fossil fuels. With effective policy incentives, both are now affordable and widely available. 

By applying similar incentive-based policies to SAF, governments can support global SAF production to reach 30 billion liters by the end of the decade. This would be a tipping point as it would send a clear signal to the market that SAF is playing its intended long-term role in aviation’s decarbonization and encourage investments to drive up production and drive down the price.

The market for SAF needs stimulation on the production side. The United States is setting an example for others to follow. Its SAF production is expected to reach 11 billion liters in 2030 on the back of heavy government incentives.

Europe, on the other hand, is the example not to follow. Under its Fit for 55 initiative, the EU is planning to mandate that airlines uplift 5% SAF at every European airport by 2030. Decentralizing production will delay the development of economies of scale. And forcing the land transport of SAF will reduce the environmental benefit of using SAF.

Other Propulsion Technologies
Hydrogen and electrically powered aircraft are part of aviation’s plan to achieve net-zero emissions by 2050, but they are likely to be limited to short-haul routes. SAF is the proven solution for long-haul flying.

“Hydrogen and/or electric propulsion systems will most likely be available for short-haul commercial flights by 2035, but the majority of emissions come from long-haul widebody flights, and to tackle these emissions, SAF is the only proven solution. We know it works, and we need to double down our efforts to get all actors of the industry on board, including governments, to increase production, availability, and uptake” said Sebastian Mikosz, IATA’s Senior Vice President for Environment and Sustainability.

Net Zero and Long-Term Aspirational Goal
In October 2021, IATA member airlines came together and took the monumental decision to commit to achieving net-zero emissions by 2050. This commitment brings the industry in line with the Paris Agreement’s 1.5°C goal. Climate change is the greatest threat facing our societies and achieving net-zero emissions will be a huge challenge as the expected scale of the industry in 2050 will require the mitigation of 1.8 gigatons of carbon.

To provide the right set of consistent policies and long-term stability needed for investments, the aviation industry is calling on all governments to support the adoption of a long-term climate goal for air transport at the 41st Assembly of the International Civil Aviation Organization (ICAO) this September, aligned with industry commitments. This climate goal is critical to back up the industry’s decarbonization ambitions and would provide a global multilateral framework for action without distorting competition.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: pixabay.com

Tornos
  1. 30/09 09:38

    Distinguished athletes like Petrounias, Tentoglou, Ntouskos, Millousi, Vlachos, Diamantidis, Printezis, Volikakis, Prevolaraki, Gkolomeev will join the 10 years of Navarino Challenge 2022

  2. 30/09 01:49

    IATA air cargo priorities: Sustainability, modernization, safety and people

  3. 30/09 01:46

    SerExpo Fair: Greece's organic food products could compete in markets abroad

  4. 29/09 17:24

    'Extra' outdoor space for hospitality sector extended in Greece to January 15

  5. 29/09 14:31

    Google's investment plan will create nearly 20,000 well-paid jobs in Greece

  6. 28/09 22:55

    Bill to reorganize Hellenic Railways Organisation voted in Greek Parliament

  7. 28/09 19:58

    "Greece 2.0" plan includes 372 investment projects worth 13.5 billion euros

  8. 28/09 01:36

    IATA: High expectations on sustainability and pandemic preparedness

  9. 28/09 00:51

    Jet2 and Jet2holidays raise capacity to Greece adding three new routes to 2023

  10. 27/09 22:15

    Greek Prime Minister addresses EPP annual meeting held in Crete

  11. 27/09 19:23

    President of Hellenic Republic to inaugurate Athens Democracy Forum on Wednesday

  12. 27/09 19:19

    World Tourism Day 2022: Sector rallies around “Rethinking Tourism” for Mankind

  13. 27/09 17:34

    Greece records 44,775 Covid-19 cases and 97 fatalities on September 19-25

  14. 26/09 23:28

    International tourism returns to 60% of pre-pandemic levels in January-July 2022

  15. 26/09 01:04

    Ancient cemetery findings showcased at Archaeological Museum of Piraeus

  16. 24/09 01:00

    UNWTO welcomes Málaga into International Network of Sustainable Tourism Observatories

  17. 22/09 23:50

    Animasyros 2022 festival offers wide range of activities on Syros island through Sunday

  18. 22/09 23:45

    Greece's Thessaloniki and Florida's Fort Lauderdale preparing to be twin cities

  19. 22/09 22:38

    US Navy looks for second Greece base at Alexandroupoli port of Greece

  20. 22/09 21:42

    Hellenic Republic Asset Development Fund asks for improved offers for Igoumenitsa port

  21. 22/09 21:34

    Thessaloniki port concession amendment ratified by the Greek Parliament

  22. 21/09 19:04

    Accommodation and food service see July turnover soar in Greece

  23. 21/09 18:20

    UN World Tourism Organization supports sector promotion in Tenerife

  24. 21/09 18:17

    Vaccines against O4 and O5 Covid mutations in Greece as of early October

  25. 21/09 11:48

    Greek Prime MInister meets Israeli counterpart in New York

  26. 21/09 09:55

    Direct flights from US to Greece extended during the winter

  27. 20/09 20:48

    Market checks for PDO halloumi compliance in Cyprus

  28. 20/09 20:42

    Volcano lights up in spectacular display of fireworks on Greek island of Santorini

  29. 20/09 20:34

    Impressive statue of Hercules unearthed in Philippi of Northern Greece

  30. 20/09 20:29

    Greek capital of Athens among top-10 most beautiful cities for the second time

  31. 20/09 20:29

    Russian embassy denies claims over flights from Russia to occupied Cyprus

  32. 20/09 19:57

    India and Greece form closer ties after 2400 years of Indo-Greek empire

  33. 20/09 18:14

    No public transport in Athens for Wednesday due to 24-hour strike

  34. 20/09 18:09

    Greece records 36,146 Covid-19 cases on September 12-18, first week of school

  35. 20/09 14:19

    Greek Minister speaks on digital learning and transformation at UN summit

  36. 20/09 12:49

    Minister: Almost 'zero chances' of power cuts due to energy crisis in Greece

  37. 19/09 18:18

    Smyrna Centennial Commemoration organized at Illinois Holocaust Museum

  38. 19/09 18:13

    Tourist arrivals grow by 40% and Cyprus residents' trips abroad by 59% in August

  39. 19/09 18:09

    United Arab Emirates Economy Minister sees strong investment interest in Greece

  40. 19/09 18:05

    GNTO boosts sports tourism in Greece

  41. 19/09 17:55

    Media report: Greece now bets in extending tourist season during the winter

  42. 15/09 18:04

    Media: New King Charles III rules the UK and keeps Greece in his heart

  43. 15/09 17:55

    Stavros Niarchos Foundation offers grant to SFU and UCLA for 3-year pilot program

  44. 15/09 17:44

    Greek government announces seven measures for cheaper housing

  45. 15/09 16:29

    President of Hellenic Republic calls KIng Charles III to express her condolences

  46. 15/09 15:23

    Maritime glow at the 8th Greek Maritime Golf Event

  47. 15/09 14:49

    Modern waste management unit to replace caldera dump in Santorini

  48. 15/09 13:25

    2022 UNWTO Students League starts with national competition in Switzerland

  49. 15/09 11:17

    Officials: Greece and France can improve already good economic collaboration

  50. 15/09 09:34

    Greece plans to boost internet speeds through new satellites

  51. 14/09 21:39

    The United States repatriates ancient Greek sculptures to Italy

  52. 14/09 21:21

    Temperatures to reach 36 Celsius in Greece over the weekend

  53. 14/09 21:06

    AP: Athens Acropolis Museum President Dimitris Pandermalis dies at 82

  54. 14/09 20:50

    Emblematic Zorba the Greek, film, stage actress Irene Papas passes at 96

  55. 14/09 19:35

    Announcements on program for cheap housing loans in Greece on Thursday

  56. 14/09 18:09

    Greek government offering incentives to households to reduce energy consumption

  57. 14/09 17:29

    UNWTO marks 6th Global Conference on Wine Tourism

  58. 14/09 15:33

    Greece’s Vaccine Panel recommends updated COVID-19 shots for vulnerable

  59. 14/09 14:59

    3.50-metre long marble lintel 'rewrites' the late Byzantine history of Lesvos island

  60. 14/09 11:12

    US Ambassador to Athens: Greece the most important partner of the region

  61. 13/09 18:50

    Iconic US Jazz Orchestra performs in support of Athens pre-term newborns

  62. 13/09 18:46

    Media report: Despite COVID, energy crisis, Greece on track for big growth

  63. 13/09 18:30

    Greece records 33,590 Covid-19 cases and 129 fatalities on September 5-11

  64. 13/09 18:21

    Vaccinations against Covid with updated vaccines begin in Greece on Wednesday

  65. 13/09 18:16

    IATA: July aviation passenger demand remains strong

  66. 13/09 18:10

    Times: Andros, Patmos and 8 other islands singled out for a quieter Greek getaway

  67. 13/09 18:07

    Hotel occupancy rates reach 90% in Mykonos island during September

  68. 13/09 17:05

    NEW JOB: COOKING INSTRUCTOR

  69. 13/09 13:37

    These are King Charles III's paintings of Greece

  70. 12/09 21:55

    Greek Tourism Minister signs deal with Austrian counterpart in Vienna

  71. 12/09 21:51

    Greek President addresses symposium on UNCLOS on Rhodes island

  72. 12/09 21:47

    Further Greece-France defence collaboration explored in Thessaloniki

  73. 12/09 17:59

    Expert: Greece can be the 'pleasant exporting surprise of Europe'

  74. 11/09 21:38

    Belgian driver finishes first in EKO Acropolis Rally 2022 in Athens

  75. 08/09 21:43

    International air cargo tracks near pre-COVID pandemic levels

  76. 07/09 11:36

    Run with us for the 10 years of Navarino Challenge

  77. 05/09 21:35

    Greek Tourism Minister in Berlin to discuss extension of season with airlines and tour operators

  78. 05/09 21:32

    British Chef Jamie Oliver in Thessaloniki for TV production

  79. 05/09 21:22

    Research | Tourism: Value for money determines travel destination selection

  80. 05/09 14:43

    Ambassador to Athens Sulaiman Almazroui: Greek-UAE relations exceptional

  81. 03/09 21:38

    UNWTO joins European Historic Thermal Towns Association to promote thermal tourism

  82. 29/08 15:51

    More unsettled weather expected in Greece during the week

  83. 29/08 15:04

    Athens mayor meets NY counterpart to discuss promotion of Greek capital

  84. 29/08 09:54

    Greek island of Rhodes seeking to attract tourists during winter also

  85. 28/08 22:08

    Circular economy to be in the spotlight at 86th TIF in Thessaloniki of Greece

  86. 26/08 21:58

    Trivago Business Blog: How to create memorable experiences for your guests

  87. 23/08 22:34

    Brief but strong rainstorms flood streets and homes in Athens and northern Greece

  88. 23/08 18:46

    Protecting wildlife from poisoned baits detailed in joint ministerial agreement in Greece

  89. 23/08 18:25

    World Financial Symposium to focus on reshaping airline resilience post-COVID

  90. 23/08 17:55

    Greece records 55,769 Covid-19 cases and 258 deaths for the week of August 15-21

  91. 19/08 22:52

    UNWTO “Rethink Tourism”: Sector gets ready to celebrate World Tourism Day 2022

  92. 19/08 22:39

    IATA World Cargo Symposium to focus on building resilience in air cargo

  93. 19/08 21:25

    Thessaloniki port begins new freight line with major industrial city of Niš in Serbia

  94. 19/08 12:20

    Attica's municipalities open air-conditioned areas in public buildings during heatwave

  95. 19/08 12:17

    Αrt Athina program to be organized at Zappeion Mansion in September

  96. 19/08 10:13

    Children from Ukraine to arrive in Greece as part of European Union programme

  97. 18/08 19:08

    Arrivals to the Greek islands of the SE Aegean Sea grow 17% in early August

  98. 18/08 16:22

    Temperatures to rise up to 41C in Greece during the next three days

  99. 16/08 21:08

    Hollywood actress Demi Moore enjoys her Greek holidays on yacht

  100. 16/08 21:03

    Legendary “Christina O” yacht passes thru the Isthmus of Corinth in Greece (video)