IATA Projects Tripling of Sustainable Aviation Fuel Production by 2024
Key Ideas
- The International Air Transport Association (IATA) anticipates a significant increase in sustainable aviation fuel (SAF) production by 2024, aiming to triple to 1.9 billion liters.
- Government policy support is crucial to quicken the adoption of SAF, with the potential to provide 65% of the mitigation needed for airlines to achieve net-zero carbon emissions by 2050.
- Investor interest in SAF is rising, with projections for renewable fuel production capacity to reach 51 million tonnes by 2030 across various industries, but concrete plans are still insufficient.
- The establishment of an SAF Registry by IATA aims to enhance transparency and accountability in tracking SAF usage and emissions reductions, supported by key industry stakeholders.
The International Air Transport Association (IATA) has announced that sustainable aviation fuel (SAF) production is expected to triple by 2024, reaching 1.9 billion liters, addressing 0.53% of aviation's fuel needs for that year. At the 80th Annual General Meeting in Dubai, IATA emphasized the importance of government policies in accelerating SAF adoption to help airlines achieve net-zero carbon emissions by 2050. The event highlighted projections for renewable fuel production capacity to potentially reach 51 million tonnes by 2030, with substantial investor interest in SAF. However, concrete plans for increasing SAF production are deemed insufficient. To enhance SAF availability, IATA suggests various policy measures including diversifying feedstocks and pathways, incentivizing refineries for SAF production, and promoting renewable energy facilities. The establishment of the SAF Registry is set to aid in accurately accounting for SAF usage and emissions reductions. A recent IATA survey showed strong public support for SAF adoption and government incentives. The SAF Registry, expected to launch in 2025, aims to provide stakeholders with a trusted system for monitoring SAF usage and emissions reductions, supported by key industry players.
Topics
Projects
Aviation Industry
Carbon Emissions
Government Policy
Renewable Fuels
Sustainable Development
Investments
Global Summit
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