The aim of Sustainable Aviation Fuels is to significantly accelerate the uptake of lower-carbon alternative fuels in the aviation industry. This will reduce greenhouse gas emissions, diversify the fuel supply, and narrow the price gap between conventional jet fuel and sustainable aviation fuels.
Aviation is responsible for approximately 2% of annual anthropogenic CO2 emissions. The industry is projected to grow by more than 5% annually and to generate over 5% of global emissions by 2050, if it continues with business as usual. In addition, aviation is highly vulnerable to fuel price fluctuations, with fuel representing one third of an average airline’s operating costs. Fuel costs, price volatility, and the lack of alternatives (e.g., there are no electric or fuel cell-powered commercial jets) have made enabling the development of sustainable aviation fuels a key priority for the industry.
While the aviation industry can also reduce greenhouse gas emissions through enhanced efficiency and improved operational procedures, our activities focus on sustainable aviation fuels. We believe that while SAF is the most challenging emissions reduction opportunity, it also holds the greatest potential for achieving carbon-neutral growth in aviation by 2020 and beyond.
To make this vision a reality, the Carbon War Room is working with industry experts and our partners to address these barriers. We have developed a simple and compelling business model that delivers commercial-scale aggregated demand for SAF, utilizing existing infrastructure. It uses airports as aggregators and orchestrators, thus creating bankable commitments for producers and lowering transaction costs for buyers.
Watch the Carbon War Room page for updates on the implementation of our innovative strategy.