Sustainable Aviation (SA), a coalition of airlines, airports, manufacturers and air navigation service provider NATS in the UK, has launched a road-map that has identified the potential for a 24% reduction in emission of aviation carbon dioxide by 2050.
The road-map also states that there is a potential to generate £265m in economic value, besides creating 4,400 jobs across UK over the next 15 years.
The document has identified and predicted the potential volumes of sustainable aviation fuel to 2050, both in the UK and worldwide, as well as speaks about the contribution that such fuel can make for the decarbonisation of the UK economy, job creation, economic growth and viability of market for producers, refiners and investors.
According to the document, there could be up to 160 operational sustainable fuel plants worldwide with revenue estimated between £8bn and 17bn and up to 12 plants in the UK.
The report has also recommended setting up a public-private initiative to help realise these opportunities which are similar to the Commercial Aviation Alternative Fuel Initiative (CAAFI) in the US.
Speaking about the road-map, SA chairman Jonathon Counsell said: "The UK aviation industry is committed to reducing its impact on the environment and this road-map not only demonstrates an additional way for us to do so, but also identifies a new industry that could supply thousands of jobs and hundreds of millions pounds to our economy.
"Sustainable aviation fuels have the potential to play an important role in achieving the UK's ambition to reduce carbon emissions from transport, contributing to EU 2030 climate change policy goals and the global aviation target to halve net carbon emissions by 2050."
Image: The SA road-map could lead to a 24% reduction in emission of aviation carbon dioxide by 2050. Photo: courtesy of khunaspix on freedigitalphotos.net.