Search DubaiPRNetwork.com

Dubai and UAE
Home >> Travel & Tourism

Post-COVID-19 Green Recovery Must Embrace Sustainable Aviation Fuels

Thursday, July 9, 2020/ Editor -  

Share

Home >> Travel & Tourism
Dubai, United Arab Emirates, July 09, 2020:  The International Air Transport Association (IATA) emphasized the aviation industry’s commitment to its emissions reduction goals and called for the International Energy Agency (IEA) to prioritize investment in sustainable aviation fuel (SAF) to help power aviation’s contribution to the post-COVID-19 recovery.
 
IATA’s call comes on the eve of the IEA Clean Energy Transitions Summit which will meet virtually to debate moves toward a low-carbon future. The IEA is well placed to promote SAF production with its stakeholders both in government and in the fuel industry.
The world must “build back better” from the COVID-19 crisis with attention focused on investment in carbon reduction technologies and in SAF, which will create jobs at this critical time and boost aviation’s progress towards its goal to cut aviation emissions to half 2005 levels by 2050. 
Current SAF production rates are too low for aviation to reach this goal despite SAF’s proven potential and airline efforts to date:
• SAF can cut CO2 lifecycle emissions up to 80% compared with conventional jet fuel
• SAF uses sustainable fuel sources which do not compete with food or water, or damage biodiversity. 
• Due to extensive testing and investment from airlines, SAF are certified as safe, sustainable, and ready-to-use.
• Over 250,000 flights have already taken off with a blend of SAF.
 
“The enormous amounts of money that governments are investing in the economic recovery from COVID-19 are an opportunity to create a legacy of energy transition for the aviation industry. To achieve this, governments, the finance community and the fuel producers—both large and small—must work together with the goal of rapidly increasing production of affordable sustainable aviation fuel,” said Alexandre de Juniac, IATA’s Director General and CEO.
IATA estimates that current SAF production is 50 million litres annually. To reach a tipping point where the scale of production will see SAF costs drop to levels competitive with jet fuel, production needs to reach 7 billion litres or 2% of 2019 consumption. 
 
“As much as airlines want to use SAF, production is well below the scale needed for prices to fall to competitive levels. Attaining the right price point is even more crucial as industry losses and debt levels rise. But if governments can use this unique time to combine a safe fiscal and regulatory framework supporting SAF production with the direct allocation of stimulus funds to SAF production, it is possible to reach the 2% tipping point in 2025. That would power greener flight, create jobs and fuel the economic recovery together,” said de Juniac.
 
IATA and the wider aviation community are ready to work with the IEA, governments and fuel companies to cut aviation’s emissions with SAF. “SAF is our biggest emissions reduction opportunity. The time is right to push it forward so that, together, we can achieve major carbon reductions on the way towards fossil fuel-free flight,” said de Juniac

Previous in Travel & Tourism

Next in Travel & Tourism


Home >> Travel & Tourism Section

Latest Press Release

RTA announces resumption of metro service at Onpassive, Equiti, and Mashreq Metr ...

Hamdan bin Rashid Al Maktoum Centre for Giftedness and Innovation Team Achieves ...

TCL Electronics introduces the latest QD-Mini LED TV and smart home appliances i ...

GEMS Modern Academy honoured with NAFIS Award for outstanding support of Emirati ...

Our museums are inspiring global communication platforms and vital institutions ...

Emirates Receives Certified Autism Center™ Designation Plaques for all Check In ...

The Treasures of the Library Exhibition at Mohammed Bin Rashid Library… A Museum ...

Arabian Automobiles Presents ‘The Unusual Suspects'

The Science Behind Chery's Pure Air: Enhancing Passenger Well-Being

Mubadala Investment Company Reports 2023 Financial Results

Turkish Airlines Becomes the Main Sponsor of the Taş Tepeler Project

Noatum Launches Maritime Services in Türkiye

A Blissful Summer Package for an Ultimate Luxury Stay at Sofitel Dubai Downtown

Mint joins hands with S2M to transform financial services landscape

Styched Sets Sights on UAE's Booming Fashion Market

AUS named among top 125 in THE Young University Rankings 2024

Emirates returns to Nigeria from 1 October

The Environment Agency – Abu Dhabi Starts the First Reintroduction Phase of Dama ...

Emirates invites UAE's cabin crew candidates to exclusive events

Family Development Foundation launches “Kindness and Mercy” campaign to raise aw ...