"Boeing CEO sees no Cheap way to decarbonize the Aviation Sector"

" Boeing CEO sees no Cheap way to decarbonize the Aviation Sector \r\n\r\nSustainable aviation fuel (SAF) can never achieve price parity with jet fuel to be able to compete with conventional fuels and help decarbonize the aviation sector, according to The Boeing Company\u2019s president and chief executive officer David Calhoun.\r\n\r\nSAF, a liquid fuel currently used in commercial aviation, can reduce CO2 emissions by up to 80%, the International Air Transport Association (IATA)\u00a0 says .\r\n\r\nAirlines and many other players in the aviation industry pin their hopes on SAF as a way to reduce emissions from the sector. Those emissions in 2021 accounted for over 2% of global energy-related CO2 emissions, having grown faster in recent decades than road, rail, or shipping, per\u00a0 data \u00a0from the International Energy Agency (IEA).\r\n\r\nHowever, Boeing\u2019s boss is not so optimistic when it comes to the costs of producing SAF.\r\n\r\n\u201cWe will create scale and get more economic,\u201d Calhoun told the\u00a0 Financial Times , but warned,\r\n\r\n\u201cNo, I don\u2019t think we will ever achieve the price of Jet A. I don\u2019t think that will ever happen.\u201d\r\n\r\nA growing number of airlines are betting on increased use of SAF to reduce their carbon footprint in a sector where emissions are hard to abate. Despite numerous pledges from airlines and government support for SAF production, the alternative of the petroleum-based jet fuel\u00a0 faces challenges \u00a0in supply, costs, and feedstock, analysts say.\r\n\r\nCurrently, the supply of SAF is still limited, even if governments support research and production.\r\n\r\nAccording to the\u00a0IEA, \u201cincreasing SAF use from less than 0.1% of all aviation fuels in 2021 to around 10% by 2030 in line with the Net Zero Scenario will require investment in production capacity and new policies such as fuel taxes, low-carbon fuel standards and mandatory blending.\u201d\r\n\r\nStill, energy supermajors and large airlines are betting on SAF to help decarbonize the aviation sector. TotalEnergies and BP have started investing in and producing SAF, while United Airlines\u00a0early this year\u00a0 launched a $100-million \u00a0investment vehicle to support start-ups developing and exploring the production of sustainable aviation fuel in an effort to accelerate the research, production, and technologies associated with SAF."

"Boeing CEO sees no Cheap way to decarbonize the Aviation Sector"

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