IATA has released the updated policy and finance net zero roadmaps, after an in-depth analysis of major concerns. The Policy Roadmap focuses on the need of strategic policy sequencing and addresses the importance for global collaboration, including the aviation sector. The recommendations recognise there is no one-size-fits-all solution, and policies must ensure that all countries can contribute to the future global SAF market. The Finance Roadmap gives clarity on the required investments to achieve zero carbon footprint by 2050, and the costs involved to procure the new solutions. The annual average capex required to develop new facilities over 30-year period is about US$128 billion per year, less than estimated total sum of investments in the solar and wind energy markets at US$280 billion annually between 2004 and 2022. “The updated IATA Policy and Finance Net Zero roadmaps make it clear that decarbonisation by 2050 is possible. A warning bell has been sounded to all stakeholders, particularly policymakers, to collaborate broadly and act with greater urgency. To be successful, we need a clear policy and financial frameworks that support air transportation’s needs in a way that is realistic and coherent,” Willie Walsh, Director-General, IATA, said.
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