PARIS: Under huge pressure to go green, the aviation industry needs to spend billions of dollars to become more climate-friendly in what risks ramping up fares and making air travel the preserve of the rich once again.
The International Air Transport Association , whose 290 member airlines make up 82 per cent of global air traffic, estimates that the industry's green transition will cost"around 1.55 trillion dollars".In order to make that transition, airlines need to invest in the latest planes, more efficient than their current fleets.
Patrick Pouyanne, the head of oil and gas giant TotalEnergies, which is producing SAF, warned earlier this year that the cost of these non-conventional fuels were far from matching less expensive conventional ones. It adds that this"downward trend continues due to improved technology and efficiency as well as strong competition".
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