Aviation industry bodies have welcomed the resolution passed by governments at the ICAO’s triennial assembly in Montreal adopting the goal of net-zero carbon emissions for international flights by 2050.New aircraft technologies, streamlined flight operations and the increased deployment of sustainable aviation fuels will play crucial roles towards target
LONG TERM ASPIRATIONAL GOALS
The adoption of the long-term aspirational goal at Icao’s 41st assembly in Montreal will be crucial in the global push to achieve climate change and environmental goals, but will require co-ordination on viable financing and investment support, as per the 193-member UN agency.
Industry groups say adoption of the long-term aspirational goal (LTAG) aligns governments with their own resolutions to reach net-zero carbon emissions by 2050, such as that adopted by IATA airlines members in 2021. International Civil Aviation Organization (ICSO) have agreed to set the year 2050 as their target to achieve net zero carbon emissions for air travel, in a milestone agreement that starts the clock on the industry.
The aviation industry’s commitment to achieve net-zero CO2 emissions by 2050 requires supportive government policies. Now that governments and industry are both focused on net zero by 2050, expectations on policy initiatives in key areas of decarbonization, such as incentivizing the production capacity of sustainable aviation fuels (SAF) are much stronger
The costs of decarbonizing aviation are in the trillions of dollars and the timeline to transition a global industry is long. With the right government policies SAF could reach a tipping point in 2030 that will lead to net-zero goal.
The aviation industry is currently responsible for 2.5 per cent to 3 per cent of carbon dioxide emissions worldwide, and the switch to renewable fuels is proving challenging, even though the industry and energy companies are seeking progress. Airlines are expected to narrow their losses in 2022, from $42bn last year to $9.7bn this year, as air travel demand makes a strong rebound, with a return to profitability expected in 2023