Wednesday, June 12, 2024.
In line with a report launched on June 3, the Worldwide Air Transport Affiliation (IATA) introduced optimistic traits within the airline sector.
“Aviation is vital for the opportunities and prosperity of individuals and economies… Its profitability allows investments in products that meet customer needs and sustainability solutions that we will need to achieve net zero carbon emissions by 2050”, indicated the Common Director from IATA in a press launch.
CO2 emissions from the airline business in 2024 are predicted to achieve 935 million tonnes, reflecting the consumption of 374 billion liters of gas.
As a reference, in 2023, between 450 thousand and 500 thousand tons of SAF had been consumed. Nevertheless it nonetheless comes at a excessive price, US$2,500 per ton, that’s, 2.8x the standard gas.
Regardless of this, IATA estimates that SAF consumption might improve to 0.5% of the overall in 2024.
When it comes to the carbon offsetting and discount scheme for worldwide aviation (CORSIA), designed to stabilize emissions from worldwide aviation, it’s estimated that US$600 million shall be spent in 2024.
Regardless of considerations about modifications in “political determination to achieve net zero carbon emissions by 2050”, IATA signifies continued dedication from the sector. And even perhaps extra necessary than that, as a result of passengers specific excessive confidence on this dedication, with 82% believing it to be the appropriate goal and 76% trusting within the skill to fly sustainably.
The CORSIA scheme consists of three phases: a pilot section (2021-2023), a voluntary first section (Part I, 2024-2026) and a compulsory second section (Part II, 2027-2035).
