Page 6 - AAA JANUARY - FEBRUARY 2022 Online Magazine

COVER STORY

Net Zero

THE AVIATION INDUSTRY IS TAKING TANGIBLE alignment with the Destination 2050 roadmap.
STEPS TO MEET ITS GOAL OF REACHING NET
ZERO CO2 EMISSIONS BY 2050 “WE CALL FOR THE COMMITMENTS
TAKEN BY THE EUROPEAN
UNION TO BE ADOPTED
Atul Chandra GLOBALLY TO ACCELERATE THE
DECARBONISATION OF OUR
The aviation industry is making rapid strides in its quest to achieve INDUSTRY. IN THE MEANTIME,
net zero CO2 emissions by 2050. The technological challenges WE URGE THE EUROPEAN UNION
associated with attaining this goal are being addressed by increased TO IMPLEMENT MECHANISMS TO
research on disruptive aeronautical technologies related to air-
craft and engines along with increasing production of Sustainable ENSURE A LEVEL PLAYING FIELD
Aviation Fuels (SAF) and enhancing production capacities of syn- AND TO AVOID ANY CARBON
thetic fuel. While electric and hybrid propulsion powerplants will LEAKAGE LINKED TO DISTORTION
power smaller commercial aircraft seating between 4-16 passen- OF COMPETITION AMONG
gers before the end of the decade, SAF remains the only viable
alternative to decarbonising long-haul aviation. By 2050, air travel STAKEHOLDERS WITHIN THE
will carry 10 billion passengers annually (as compared to 4.5 billion GLOBAL AVIATION ECOSYSTEM,” an
people in 2019) and generate nearly $9 trillion in economic activity. Airbus release said.

Industry Pathway The five European aviation leaders are investing
Airbus, Air France-KLM, ATR, Dassault Aviation, Groupe ADP, in the maturation, development and imple-
Safran and Thales are signatories to the landmark ‘Declaration of mentation of decarbonisation technologies
Toulouse’ inked in February, which commits the European aviation - notably operations, next-generation aircraft
industry to achieve the decarbonisation of the sector by 2050 in and engines, Sustainable Aviation Fuels (SAF)

6 January/February 2022 WWW .GBP .COM.SG/ AAA