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That’s the conclusion of a study published Monday by consulting firm PWC. According to the authors, the sector will need to invest 100 billion euros by the end of this decade to meet its needs.
The calculation took into account, among other things, regulatory requirements and the airlines’ climate protection targets. By 2030, fuel at EU airports must contain at least 6 percent SAF. Japan even mandates a 10 percent SAF quota by the end of the decade.
“Green kerosene is currently the only economically viable technology that will enable more climate-friendly flights,” PWC partner Simon Treis said in a statement. However, the industry is lagging behind its own and regulatory requirements in expanding infrastructure and increasing production capacities.
SAF is the collective name for biological and synthetic fuels that can be used to fuel conventional aircraft. This means that 66 to 94 percent of CO₂ emissions can be saved.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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