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Search resuls for: "Aviation Fuels"


5 mentions found


☆ Airlines warn of higher fares from green transition
  + stars: | 2022-12-06 | by ( Emma Farge | ) www.reuters.com   time to read: +2 min
Willie Walsh, Director General of the International Air Transport Association, which includes most of the world's major airlines, called for swifter action in Europe to drive up scarce production of greener Sustainable Aviation Fuel (SAF). Air fares have already jumped this year as a result of higher prices for conventional fossil-based jet fuel. Environmental groups argue that air higher travel costs will help to rein in emissions by curbing growth in traffic. In July, the European Parliament backed rules on aviation fuel that set binding targets for the replacement of kerosene with less polluting sources, while extending the definition of what a green fuel could be. This year's U.S. Inflation Reduction Act includes significant subsidies to the SAF industry in the form of tax credits, but European industry leaders including the head of planemaker Airbus (AIR.PA) have said the legislation is unfair.
☆ Taxation is a blunt instrument, IATA chief Willie Walsh says: 'The carrot is far more effective than the stick'
  + stars: | 2022-11-07 | by ( Anmar Frangoul | ) www.cnbc.com   time to read: +3 min
watch nowThe aviation industry requires more carrot and less stick going forward to become more sustainable, according to the director general of the International Air Transport Association. "Quite honestly, all of the evidence that we have available shows that the carrot is far more effective than the stick," Walsh replied. Among other things, this would see both maritime and aviation fuels taxed. "So for us, the key to our goal is the use of sustainable aviation fuels — the science there is proven." "What we've got to do is turn what is very low levels of production of sustainable fuels into widespread availability."
☆ Virgin Atlantic just flew its first-ever A330-900neo on a brand new route from London to Florida — take a look inside the swanky jet
  + stars: | 2022-11-04 | by ( Taylor Rains | ) www.businessinsider.com   time to read: 1 min
"We're calling on all airlines to invest in fleets, and we're doing a big push on sustainable aviation fuels," Weiss said. "There's not enough SAF in the world, let alone the UK, so there is a lot of work to be done in our quest for net-zero by 2050 and 10% SAF by 2030." Fueling Virgin's A330-900neo with SAF before flying to London for delivery.
☆ How the airline industry plans to wean itself off one billion tons of carbon emissions
  + stars: | 2022-09-24 | by ( Trevor Laurence Jockims | ) www.cnbc.com   time to read: +9 min
But Taylor has nothing on the airline industry, whose annual CO2 emission is pushing one billion metric tons. Airlines have completed test flights with sustainable aviation fuels, and the deals with sustainable aviation fuel producers have started to accumulate. American is the first airline globally to receive validation from the Science Based Targets initiative for its intermediate GHG emissions reduction targets and the only U.S. airline to report using more than 1 million gallons of sustainable aviation fuel in 2021. From ethanol, Gevo then processes further into a product that is chemically identical to standard aviation fuel. Judged against the standards of its own industry, American remains a leader in carbon reduction efforts.
☆ Meet 11 people leading the aviation industry's push to slash emissions and ditch fossil fuels
  + stars: | 2022-05-31 | by ( Maia Anderson | ) www.businessinsider.com   time to read: +14 min
Experts have estimated that aviation is responsible for nearly 2% of global greenhouse-gas emissions and 2.5% of carbon-dioxide emissions. Some aviation giants, like United, are signing purchase agreements to buy electric aircraft. Today he serves as CEO and chairman of the company, which aims to be a pioneer in electric aircraft. In 2000 he founded Aviation Technology Group, which developed the ATG Javelin very light jet before ceasing operations in 2007. He is also a founding member of the Nordic Network for Electric Aviation.
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