The International Panel on Climate Change (IPCC) estimates that the aviation industry is responsible for approximately 650 million metric tons of carbon or around 2% of annual emissions. However, under a business-as-usual scenario, they project that the industry could be responsible for 5-10% of global emissions by 2050. Similarly, the International Energy Agency projects that emissions from the aviation sector will increase by 300% by 2050.
There is a significant opportunity for transformation of the aviation industry to a low-carbon pathway with a shared focus on fuel economy and alternative fuels. Commitments to rapid development and deployment targets are an important first step. More aggressive efficiency gains and alternative fuels adoption hold even greater emissions reductions potential by 2020.
Help us accelerate this transition; click on the Renewable Jet Fuels operation to learn more and join our LinkedIn group to engage with our community.