fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Energy

Sustainable Aviation Fuel Demand Rises Driven by Corporate Travel

Though similar to traditional fossil jet fuel in its chemistry, using SAF results in a reduction in carbon emissions compared to traditional jet fuel

Khushboo Pandey by Khushboo Pandey
December 9, 2022
in Energy, Hospitality, The Global Economics, Top Stories
Reading Time: 3 mins read
0
Sustainable Aviation Fuel Demand Rises Driven by Corporate Travel (Image Source: Reuters)

Sustainable Aviation Fuel Demand Rises Driven by Corporate Travel (Image Source: Reuters)

31
SHARES
171
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

The world is working towards ‘sustainability’ quite seriously. Such an attempt has been taken by various corporate houses purchasing ‘sustainable aviation fuel’ (SAF) to reduce mass production of the cleaner energy required by the airlines to meet their emissions targets.

SAF is produced from sustainable feedstocks. Though similar to traditional fossil jet fuel in its chemistry, using SAF results in a reduction in carbon emissions compared to traditional jet fuel. It replaces the lifecycle of jet fuel. SAF’s lower carbon intensity makes it an important solution for reducing aviation greenhouse gases. 

Sustainable Aviation Fuel accounted for only 0.5 per cent of aviation fuel in 2021, but many airlines have a target of 10 per cent by 2030, and the industry’s goal of “net zero” emissions by 2050 relies on SAF accounting for 65 per cent of fuel.

 

Sustainable Aviation Fuel Demand Rises Driven by Corporate Travel. Photo source: Reuters
Sustainable Aviation Fuel Demand Rises Driven by Corporate Travel. Photo source: Reuters

 

 

Recently Qantas Airways announced that five companies would pay a premium to reduce their emissions by contributing to the cost of the airline using SAF supplied by BP at London’s Heathrow Airport.

Participant Boston Consulting Group (BCG), which also purchases SAF through United Airlines and fuel suppliers SkyNRG and Neste, said it has been looking to scale up the Sustainable Aviation Fuel market to meet internal targets. “Our largest source of emissions comes from business travel, and there we have committed to cut our emissions intensity in half by 2025, compared to 2018,” BCG Chief Sustainability Officer David Webb said.

According to Denise Auclair, the corporate sector interest could build momentum for the SAF industry to scale up, given businesses account for around 20 per cent of air travel globally and 30 per cent in Europe. Auclair is the corporate travel campaign manager at the European non-governmental organisation Transport & Environment.

Buying Sustainable Aviation Fuel is more expensive compared to buying emissions offsets, but experts say it can play a crucial role in reducing travel emissions alongside switches to video-conferencing and cleaner alternatives like railways.

Companies are paying a ‘green premium’ when they purchase SAF, given it costs around three to five times more than conventional jet fuel, said Sami Jauhiainen, vice president of APAC at Neste’s renewable aviation business, the world’s largest, which offers a corporate buying programme.

Why is SAF important to the world?

A return flight between London and San Francisco has a carbon footprint per economy ticket of nearly 1 tonne of CO2e. With the aviation industry expected to double to over 8 billion passengers by 2050, we must act to reduce aviation’s carbon emissions, and SAF is one way to do that.

Sustainable Aviation Fuel gives an impressive reduction of up to 80% in carbon emissions over the lifecycle of the fuel compared to the traditional jet fuel it replaces, depending on the sustainable feedstock used, production method, and the supply chain to the airport. 

Is SAF the key to making the aviation industry greener?

SAF can drop straight into existing infrastructure and aircraft. It has the potential to provide a lifecycle carbon reduction of up to 80% compared to the traditional jet fuel it replaces. SAF will play a really important role in meeting the aviation industry’s carbon reduction targets. However, we need to use all the options to reduce our available carbon. There are several broad opportunities for carbon reduction across the industry, such as more efficient aircraft design, smarter operations, and the development of future technologies like electrification.

Via: short URL
Tags: aviation’s sustainability effortscarbon emissionCorporate travelGreen house gasesGreen premiumSustainable Aviation FuelSustainable Aviation Fuel (SAF) Programme
Khushboo Pandey

Khushboo Pandey

Related Posts

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit
Ultility

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

by Riya Thomas
February 1, 2023
China To Boost Oil Demand By Up To 500,000 BPD PC: Reuters
Energy

Oil Cools Off on a Weak Dollar

by Anuj Singh
February 1, 2023
investment
The Global Economics

Adani Enterprises To Get $400 mn From Abu Dhabi’s IHC

by Marifur Rahman
January 31, 2023
Oil storage tank
Islamic

Saudi Arabia Lowers Crude Prices For Asia, Not For the US

by Anuj Singh
January 31, 2023
Emirates
Energy

Dubai’s Emirates Makes History As It Conducts a Test Flight With 100% Sustainable Aviation Fuel

by Marifur Rahman
January 30, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Lebanon currency devaluation

Lebanon to Devalue Its Currency By 90%

February 1, 2023
A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

February 1, 2023
China To Boost Oil Demand By Up To 500,000 BPD PC: Reuters

Oil Cools Off on a Weak Dollar

February 1, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about new articles, delivered right into your email inbox.

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version