The aviation industry is expected to explore a substantial growth in renewable energies during this year. The industry is committed to achieve a carbon-neutral growth by 2020 and one major strategy goal is to the use of renewables.
Aviation will be swifting to use more biofuels which are from organic sources (like waste, algae and oil) and thus use less of fossil-fuels. Airplanes will be using Renewable Jet Fuel (RJF) or Sustainable Aviation Fuel (SAF). This change will also mean the overall efficiency in the operations, while the new fuels also perform well in the cold weather (up to -47 C).
These new biofuels have significantly lower carbon emissions over their lifecycle and according to some studies, the fuels can be up to 80 % less carbon-intensive over their lifecycle. It is also notable that the fuels minimize their impact on biodiversity and have lower impact on food crops or drinking water. A sustainable biofuel releases only the carbon absorbed by the feedstock plants.
According to IATA (International Aviation organization) the industry has agreed on these steps to mitigate the Climate Change:
– An average improvement in fuel efficiency of 1.5% per year from 2009 to 2020
– A cap on net aviation CO2 emissions from 2020 (carbon-neutral growth)
– A reduction in net aviation CO2 emissions of 50% by 2050, relative to 2005 levels
Air transport accounts for 2% of global man-made CO2 emissions. In 2017, civil aviation, as a whole, emitted around 859 million tonnes of CO2 according to IATA.
Some of the renewables producers like Neste Group (Neste) is also expecting a major increase in the aviation, while the company has announced its plans to produce more renewable jet fuels this year. In fact, they have said that they “plan to produce sustainable jet fuels more than all other providers combined”.
The growth is remarkable while Neste estimates the renewables jet fuels to exceed 400K in production in 2022. In 2017 the company produced renewables all together 2567K and has published its new investments in its Singapore site, which will focus on renewables.
The company is expected to publish the year 2018 figures on the 6th 2019 and will have a Capital Markets Day in London on the 27th February 2019.