A growing number of companies are deciding to buy sustainable jet fuel in bulk. This measure allows companies to reduce their environmental footprint while creating an incentive to produce larger quantities of sustainable petroleum for aviation. This also gives airlines better chances of meeting their emissions targets. This is reported by the news agency Reuters.
Why is this important?Airlines, travel agents and fuel manufacturers allow business customers to purchase sustainable jet fuel that is not tied to individual flights. This gives the participating companies emission credits to reduce part of their ecological footprint. A similar system is already used in the renewable electricity sector.
Additional route for sustainable flight: “This system provides greater flexibility to make aviation more sustainable,” explain the promoters.
- After all, sustainable petroleum, which is made from raw materials such as used cooking oil, is relatively scarce.
- The product has the potential to reduce aircraft emissions by 80 percent compared to conventional fuels, but is only available at a limited number of airports worldwide.
- Among others, Qantas Airways recently announced a collaboration agreement with a consortium of five companies – including the Boston Consulting Group and Australia Post – to purchase sustainable jet fuel.
- These companies pay a premium to reduce their emissions by contributing to the airline’s cost of purchasing sustainable petroleum supplied by British Petroleum (BP) at London’s Heathrow Airport.
- Through their contribution, the companies involved are entitled to emission credits, which can be used for a wide range of other activities.
- As more companies join such programs, Qantas says it will be able to establish large-scale production of sustainable petroleum more quickly.
- A growing number of airlines – including United, Lufthansa, Cathay Pacific Airways, Air France-KLM and ANA Holdings – have launched similar programs.
Stimulus for the production of sustainable petroleum: Buying sustainable fuel is more expensive than investing in emissions offsets, but experts stress that the initiatives can make an important contribution, in addition to moving to video conferencing and more environmentally friendly alternatives such as the train, to limit emissions from travel.
- Last year, only 0.5 percent of the fuel consumed worldwide consisted of sustainable petroleum, but many airlines aim to increase this share to 10 percent by the end of the decade.
- Aviation wants to operate in a climate-neutral way by the middle of this century. To this end, the share of sustainable petroleum in the total fuel consumption must be increased to 65 percent.
- “The interest of business can provide an important impetus to scale up the production of sustainable fuels,” emphasizes Denise Auclair, business travel analyst at the ecological think tank Transport & Environment.
Limited number of
Only a limited number of airlines, including Finnair and SAS Airlines, also offer private customers, such as holidaymakers, the option to pay a surcharge for sustainable jet fuel and thus reduce the emissions from their flight.