The International Air Transport Association (IATA) released updated Policy and Finance Net Zero Roadmaps, containing expanded and deepened analyses, bringing into focus four key conclusions:
•The air transport industry’s energy transition is feasible on the 2050 horizon.•The amounts of investments needed to make that possible are comparable to those engaged in previous creations of new renewable energy markets.•Success in the transition depends critically upon policymakers’ unity of purpose.•The time left for joining forces in air transportation’s energy transition is shrinking by the minute. Every action delayed is an opportunity missed.
"The updated IATA Policy and Finance Net Zero Roadmaps make it clear that decarbonization by 2050 is possible. They also sound a warning bell that, to achieve this, all stakeholders, particularly policymakers, must collaborate more broadly and act with greater urgency. To be successful, we need clear policy and financial frameworks that will support air transportation’s needs in a way that is realistic and coherent with the massive changes that must take place simultaneously in all economic sectors,” said Willie Walsh, IATA’s Director General.
The Policy Roadmap emphasizes the importance of strategic policy sequencing and addresses the need for global collaboration, including beyond the aviation sector. The recommendations recognize that there is no one-size-fits-all solution, and policies must ensure that all countries can participate in the future global Sustainable Aviation Fuel (SAF) market.
Highlights include:
• Immediate Action is needed to unlock the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) Eligible Emissions Units (EEUs) and prioritizing SAF in the product mix at refineries.
• Strategic Policy Sequencing combining technology-push and demand-pull measures will be critical. Moreover, governments must foster global, liquid, and transparent markets for cleaner aviation energy.