FORBES MONEY MARKETS Is Europe’s 2050 Sustainable Aviation Fuel Quota Unsustainable?

Europe’s airlines have been queuing up to buy sustainable aviation fuels (SAFs). However, the European industry will most likely fail in meeting the EU’s 2050 quota target, because the target itself is not very realistic, according to the boss of the company operating one of Europe’s largest airports.

How airlines are working to create sustainable fuel to reduce aviation’s carbon footprint

Memorial Day weekend is the unofficial start of the summer travel season and that means a lot of driving and flying. When discussing greenhouse gas emissions, the focus is usually on cars and trucks since they generate the most. But the aviation sector is under pressure to reduce its carbon footprint. Science correspondent Miles O’Brien

Farm To Fly: Greenwashing at your expense

Proposal would subsidize farmers to grow crops to create aviation fuel The Farm To Fly Act is the most basic reason STNI has never endorsed so-called sustainable aviation fuels. In theory, aviation fuels created exclusively from scrap biomass may pollute less and might create fewer greenhouse gases than fossil fuels. However, the amount of such available material

Alaska Airlines exec is working to keep plastic and carbon out of the air

Alaska Airlines Senior Vice President Diana Birkett Rakow is pictured in front of a Boeing 737 jetliner on the hangar floor of the airline’s engineering and maintenance facility in 2021. ANTHONY BOLANTE | PSBJ By Dee Smith Apr 6, 2024 Diana Birkett Rakow has been leading Alaska Air Group’s environmental initiatives since before she even had

Expensive Flights Become New Normal on $5 Trillion Green Transition

Decarbonization measures are pushing up ticket costs worldwide Energy transition means little price respite for flying public It’s passengers who’ll have to pay to neutralize aviation’s carbon footprint. Photographer: Giuseooe Cacace/AFP/Getty Images Follow International Air Transport Association By Angus Whitley The global airline industry has long warned passengers they’ll eventually have to pay some of the

Treasury issues tax-credit guidelines for sustainable aviation fuel

The IRS has issued more guidance on the new Sustainable Aviation Fuel credit. The SAF credit applies to qualified fuel mixtures containing sustainable aviation fuel for certain sales or uses in calendar years 2023 and 2024. (IR 2023-240, 12/15/2023; Notice 2024-6, 2024-2 IRB) Sustainable Aviation Fuel Credit. The Sustainable Aviation Fuel Credit (SAF) was part of

Looking for a Greener Way to Fly

The Treasury Department is about to announce tax credits for sustainable aviation fuel, which raises the question: What fuels are actually “sustainable”? By Elizabeth Kolbert December 9, 2023 Planes account for roughly two per cent of the world’s CO2 emissions—if all the world’s aircraft got together to form a country, they’d emit more than the vast majority

Why the world’s first flight powered entirely by sustainable aviation fuel is a green mirage

A Boeing 787 Dreamliner is set to take off from Heathrow on November 28 and head for JFK airport in New York, powered by so-called sustainable aviation fuel (SAF). According to its operator, Virgin Atlantic, the world’s “first 100% SAF flight” will mark “a historic moment in aviation’s roadmap to decarbonisation”. It is proof of concept, we