- The UK aviation industry invests in eco-friendly technologies, including hydrogen-powered planes.
- Global efforts aim to boost sustainable aviation fuel production, led by the US and supported by the EU.
The UK economy reaches a critical juncture in its push for decarbonisation. Investing in future technologies could spur growth.
Aviation, a vital sector contributing £95 billion annually pre-pandemic, is central to this transition. Despite challenges, demand for air travel remains strong, with nearly 300 million passengers flying to and from the UK last year.
Recognising the need for sustainability, airlines like IAG invest in eco-friendly aircraft and technologies, including hydrogen-powered planes. Sustainable aviation fuels (SAFs) promise to reduce emissions by up to 70 per cent.
However, their current usage is less than 1 per cent, highlighting the need for scaled-up production. Globally, efforts are underway to boost SAF production.
The US leads the way, supported by initiatives like the Inflation Reduction Act, with plans to produce 9 million tonnes annually by 2030. Similarly, the EU invests in innovation to bridge the price gap between conventional jet fuel and SAFs.
In the UK, recent steps include a 10 per cent SAF mandate, signalling intent towards decarbonisation. However, robust incentives are needed to accelerate production. The government’s consultation on revenue-certainty mechanisms reflects this urgency.
Participation in initiatives like the Jet Zero Council demonstrates industry commitment. Yet, decisive action is crucial to becoming a leader in SAF production. With innovative projects on the horizon, supported by policy, the UK can emerge as a critical player in the global SAF market.
Supporting industries like aviation in their transition to sustainability aligns with environmental goals and promises economic growth and job creation. It’s time for concerted efforts to propel the aviation industry towards a greener future.