Boston Consulting Group (BCG), in partnership with ten international airlines, has established a new non-profit organisation, Aviation Climate Taskforce (ACT), to support sustainable travel.
The aim is to promote the development of green technologies to decarbonise the sector.
Ten international airlines that are involved in the initiative are Air Canada, Air France-KLM, American Airlines, JetBlue, Lufthansa, Cathay Pacific, Delta Air Lines, Southwest Airlines, United Airlines and Virgin Atlantic.
In addition to ‘next-generation’ technologies, ACT will primarily focus on medium-term solutions, including direct air capture and synthetic fuel.
Eventually, ACT will help in the development of near-term solutions such as bio-based Sustainable Aviation Fuel (SAF) pathways and long-term technologies such as hydrogen solutions.
The new organisation will receive support from the Collaboration Forum and the Innovation Network.
By working on early-stage research, the Innovation Network will help push technological breakthroughs.
Several proven tools will be utilised to map the vast amount of research across the network.
To accelerate partnership and research, the organisation will offer grant funding and conduct innovation competitions.
Meanwhile, ACT’s Collaboration Forum will support the Innovation Network by recognising ways to jointly minimise CO₂ emissions.
This forum will also augment the development of new technologies through engagement with experts and industry leaders.
In a statement, ACT said: “In the future, ACT intends to launch an Investment Fund, in which members and other third parties may participate. The Investment Fund will provide capital to rapidly scale-up emerging technologies that have the potential to dramatically reduce the carbon footprint of air travel.”
During the first year, ACT will establish the Innovation Network and focus on selected areas within the technologies.
In the future, ACT plans to include more airlines and participants from across the aviation industry.