The air transport industry is committed to achieving net-zero CO2 emissions by 2050, and while regulation is necessary, over-regulation to address every issue makes things complex, according to Willie Walsh, director general of the International Air Transport Association (IATA).
IATA’s latest estimates for sustainable aviation fuel (SAF) production indicate that in 2024, volumes reached 1 million tonnes (1.3 billion liters) – double that of 2023. In 2024, SAF accounted for 0.3% of global jet fuel production and 11% of global renewable fuel. Yet, this is significantly below previous estimates that projected SAF production
in 2024 at 1.5 million tonnes (1.9 billion liters). According to IATA, key SAF production facilities in the US have pushed back their production ramp-up to the first half of 2025. In 2025, SAF production is expected to reach 2.1 million tonnes (2.7 billion liters), 0.7% of total jet fuel production, and 13% of global renewable fuel capacity.
“SAF volumes are increasing, but disappointingly slowly. Governments are sending mixed signals to oil companies which continue to receive subsidies for their exploration and production of fossil oil and gas. And investors in new generation fuel producers seem to be waiting for guarantees of easy money before going full throttle,” Walsh said at IATA’s Global Media Day in Geneva on Tuesday. “With airlines, the core of the value chain, earning just a 3.6% net margin, profitability expectations for SAF investors need to be slow and steady, not fast and furious. But make no mistake that airlines are eager to buy SAF and there is money to be made by investors and companies who see the long-term future of decarbonization.”
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