Navigating the Path to Jet Zero: Challenges and Opportunities in Aviation Decarbonization
Key Ideas
- The International Air Transport Association and the International Civil Aviation Organization have set goals for the aviation industry to achieve net zero carbon emissions by 2050.
- The industry aims to reduce CO2 emissions through sustainable aviation fuels, new aircraft technology, and more efficient operations while exploring zero-emissions energy sources like electric and hydrogen power.
- Sustainable aviation fuels are seen as the primary method for decarbonizing the sector due to practical and commercial viability concerns surrounding electrification and hydrogen fuel-cells for aircraft.
- Akin Gump Strauss Hauer & Feld LLP is involved in advising clients on SAF project development, financing, offtake, and carbon offset mandates in multiple regions, contributing to the industry's decarbonization efforts.
The International Air Transport Association (IATA) and the International Civil Aviation Organization (ICAO) have set ambitious goals for the aviation industry to achieve net zero carbon emissions by 2050, aligning with global climate targets. While strategies include sustainable aviation fuels, new technology, and improved operations, the industry is also exploring zero-emissions energy sources like electric and hydrogen power. However, the practicality and commercial viability of electrification and hydrogen fuel-cells for aircraft remain uncertain, making sustainable aviation fuels the primary path towards decarbonization. Akin Gump Strauss Hauer & Feld LLP is actively involved in advising clients on sustainable aviation fuels project development, financing, and carbon offset mandates in various regions, contributing to the industry's efforts to reduce carbon emissions and achieve its environmental goals.