{"id":5443,"date":"2023-04-20T11:22:18","date_gmt":"2023-04-20T11:22:18","guid":{"rendered":"https:\/\/aviation-news.info\/?p=5443"},"modified":"2024-08-12T15:12:59","modified_gmt":"2024-08-12T12:12:59","slug":"airlines-will-hike-ticket-prices-to-pay-for-costly-sustainable-fuel","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=5443","title":{"rendered":"Airlines will hike ticket prices to pay for costly sustainable fuel"},"content":{"rendered":"
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Dublin: Developing more sustainable aviation fuel is key to reducing the airline industry\u2019s carbon footprint – but customers will end up footing the bill in airfare prices, according to Willie Walsh, director-general of the International Air Transport Association.<\/p>\n<\/div>\n

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Speaking on Wednesday at a panel at the Bloomberg New Economy Gateway Europe conference outside Dublin, Walsh said that widespread adoption of sustainable fuels will account for about 65 per cent of the reduction needed for the industry to reach its stated goal of net zero emissions by 2050.<\/p>\n<\/div>\n

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Yet as the fuels cost many multiples more than the standard kerosene now used to power jets, very little is being produced, and it\u2019s not clear who will pay. The IATA estimates that the worldwide tab for decarbonizing aviation will top $1 trillion.<\/p>\n<\/div>\n

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At the same time, \u201cgetting the right policy in place is important,\u201d he added. Walsh lauded the US approach of using incentives to stimulate production, and criticized the European strategy of using a regulatory \u201cstick.\u201d<\/p>\n<\/div>\n

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Higher ticket prices will be required to fund the new initiatives, Walsh said.<\/figcaption><\/figure>\n<\/div>\n
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The International Council on Clean Transportation predicts sustainability measures will drive up ticket prices by 22 per cent by 2050 compared to where they would otherwise stand, said Rachel Muncrief, deputy director of the group, which provides technical analysis to environmental regulators.<\/p>\n<\/div>\n

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UK industry group Sustainable Aviation has cautioned that although the number of airline travelers will rise to almost 250 million by 2050, the cost of decarbonizing aviation will \u201cinevitably reduce passenger demand.\u201d The group calculated that about 14 per cent of an anticipated reduction in emissions will come from fewer fliers.<\/p>\n<\/div>\n

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The transition to sustainable fuels also brings other challenges. While SAFs have the advantage of being usable by current-generation aircraft engines and existing airport infrastructure, biomass-based fuels are the only ones being produced now, and in limited quantities. There is also a lack of agricultural land for growing the ingredients.<\/p>\n<\/div>\n

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\u201cNot all biomass is created equal,\u201d Muncrief said. While so-called \u201ce-kerosene\u201d is a cleaner option, for example, it also requires more time to develop.<\/p>\n<\/div>\n

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Hydrogen-based fuels are seen as \u201cthe silver bullet,\u201d but at the moment there aren\u2019t enough yet available, said Rachael Everard, sustainability chief at jet-engine maker Rolls-Royce Holdings. To come up with a unified energy infrastructure for the airline industry, Everard said that all players, including governments, need to be aligned.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Dublin: Developing more sustainable aviation fuel is key to reducing the airline industry\u2019s carbon footprint – but customers will end up footing the bill in airfare prices, according to Willie Walsh, director-general of the International Air Transport Association. Speaking on Wednesday at a panel at the Bloomberg New Economy Gateway Europe conference outside Dublin, Walsh …<\/p>\n","protected":false},"author":1,"featured_media":5444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[102,88],"tags":[],"class_list":["post-5443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-en","category-flights"],"yoast_head":"\nAirlines will hike ticket prices to pay for costly sustainable fuel - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=5443\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Airlines will hike ticket prices to pay for costly sustainable fuel\" \/>\n<meta property=\"og:description\" content=\"Dublin: Developing more sustainable aviation fuel is key to reducing the airline industry\u2019s carbon footprint – but customers will end up footing the bill in airfare prices, according to Willie Walsh, director-general of the International Air Transport Association. 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