Airlines and energy firms clashed over the scarcity of alternative fuels at a recent summit, where carriers struggled to balance high demand with limited supply and environmental goals. The aviation industry aims to achieve net-zero emissions by 2050, primarily through Sustainable Aviation Fuels (SAF).
However, with SAF currently only covering 0.5% of fuel needs, tensions arose at the International Air Transport Association meeting. Industry leaders highlighted the need for energy companies like TotalEnergies to invest more in SAF development.
While SAF production is expected to triple in 2024, the high costs and competition for renewable fuel resources pose challenges for airlines. Governments have set interim emission reduction targets for 2030, but without sufficient support, the industry may struggle to meet these goals.
Despite doubts about reaching the 2050 net-zero target, airlines are working towards a sustainable future amidst growing demand and economic pressures. The industry faces a daunting task of transitioning while meeting environmental obligations and post-pandemic demands.
The next IATA annual meeting in Delhi, following the Dubai summit, will continue to address these pressing issues in the aviation industry.
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