Sylvera’s Post

✈️ International Air Transport Association (IATA) Confirms Net Zero by 2050 is Achievable for Aviation! 🌍 The International Air Transport Association (IATA) remains confident that the aviation industry can achieve net zero carbon emissions by 2050. However, success will depend on the global collaboration of policymakers, businesses, and industries. Key to decarbonization is the production of Sustainable Aviation Fuel (SAF), which is projected to make up two-thirds of the emissions reduction. The investment needed is significant – around $128 billion per year to produce enough SAF and meet the industry’s goals. 💡 Highlights: IATA's new analysis and roadmaps outline the path to net zero. Policymakers need to act with urgency and unity. The transition to alternative aviation fuels will be expensive, but the opportunities are even greater. It's time for all stakeholders to come together and support the aviation sector in its journey toward a more sustainable future. If you want to know more, visit our link: https://www.atmc.net.au/ #SustainableAviation #NetZero2050 #AviationInnovation #SustainableFuels #SAF #ClimateAction #IATA #CorporateTravel

This Week: ACI's Net Zero Goal By what year does the Airports Council International (ACI) aim to achieve net zero carbon emissions? A) 2040 B) 2050 C) 2060 D) 2070 Join the conversation below on how airports can reach these goals and what challenges they might face! 👉 Ready to be part of the change? Click here to find out how you can contribute and exhibit your solutions: https://ow.ly/UK9I50Rx3Zg Next week, we dive into IATA’s commitments. #SAE2024 #Sustainability #Aviation #ACI #NetZero

As the European Union Emissions Trading System deadline looms, aviation operators are actively preparing reports and securing EU allowances. Despite significant investment through allowance purchases, with 76% of auction revenue from 2013-2022 channeled towards climate initiatives, the anticipated visible outcomes remain elusive. This raises critical questions about the efficiency and impact of these expenditures. The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) program for global aviation stands out as a more effective solution for emission reductions compared to ETS, offering not just immediate benefits but also supporting international climate cooperation and aviation’s journey towards net-zero by 2050. However, the potential competition distortion posed by national or regional ETS schemes cannot be overlooked. It's essential to ensure that ETS regulations do not inadvertently disadvantage airlines and operators from different regions, preserving the competitive integrity vital for consumers. The industry must prioritize a balanced approach that supports CORSIA's global initiatives while addressing ETS's regional or national challenges. Achieving this balance is crucial for sustainable aviation and fair market competition. #SustainabilityInAviation #EUETS #CORSIA #ClimateChange #Aviation #azzera

"The EU has long questioned the environmental integrity of CORSIA's offsets. Eurocontrol data shows that over 50% of European aviation CO2 emissions come from just 6% of flights - primarily long-haul flights over 4,000 km, mostly to non-EEA countries. Expanding the EU ETS would also level the playing field for carbon pricing, as intra-EEA airlines currently face higher ETS costs than legacy airlines with long-haul networks, which would be most affected by the expansion." Ishka: Aviation Finance has covered the hot topic in their newsletter, EU ETS Expansion. Will China, India and Russia participate in CORSIA when it becomes mandatory? All signs are pointing to no. If not, will the US continue to support ICAO's proposed decarbonisation scheme? 2026 is not far away. How are you looking at the sustainable transition? #risk #sustainableaviation #CORSIA #euets

The UN, through the International Civil Aviation Organization (ICAO), has validated carbon credits for programs run by Verra, Gold Standard and Climate Action Reserve. The UN should never be in a position to affect market economics for two key reasons. Their decision to select a few organization will distort prices, stifle innovation, and create barriers for smaller or newer players. That is because ICAO controls demand within CORSIA and CORSIA applies to all international aviation emissions. Airlines are forced to rely on providers authorised under CORSIA. Moreover, as demand scales, oversight of these carbon credit programs will become increasingly difficult. Standards will likely slip as credit providers begin to prioritize volume over quality.

Join our interactive quiz series as we dive into the world of aviation sustainability. This week, we are starting with ICAO's ambitious goals. Can you guess the right answer? What is ICAO's target for reducing CO2 emissions by 2030? A) 3% reduction B) 5% reduction C) 10% reduction D) 15% reduction Comment your answer below and let's discuss how such goals could influence global aviation strategies! 👉 Want to learn more and stay updated? Visit us here for more details and secure your spot at the exhibition:https://lnkd.in/daFFg_xS Stay tuned for next week's question on ACI’s ambitious targets. #SAE2024 #Sustainability #Aviation #ICAO #ProfessionalNetworking

📢 ICAO Expands Carbon Offset Options, Paving the Way for a Greener Sky ✈️ International Civil Aviation Organization (ICAO) has just approved three additional voluntary carbon standards — Verra, Gold Standard, and Climate Action Reserve — for Phase 1 of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) (2024-26). This expansion of eligible #carbon offset projects is a significant step forward for the #aviation industry. By embracing these new standards, airlines and other aviation stakeholders can now take more decisive action to reduce their carbon footprint and contribute to a more #sustainablefuture. While this development is undoubtedly positive, several hurdles remain in the implementation of the #CORSIA program. A key challenge is ensuring that #emissions reductions are not double-counted. This requires corresponding adjustments (CAs) from host countries, which have been slow to materialise. Developing countries, in particular, face significant challenges in establishing the necessary infrastructure for efficient and transparent #carbonmarkets. To mitigate these risks, private sector providers have introduced insurance products, but these cannot fully eliminate political risks. The approval of these new standards signifies a collective commitment to responsible aviation practices. As the industry embarks on this new era of #sustainable aviation, it is imperative to celebrate this milestone and continue to push for a #greenerfuture. #GREENIPATH #GreenPathForward #ICAO #Verra #GoldStandard #ClimateActionReserve #greenfuture #sustainability #sustainabledevelopment #climate #climateaction #climatecrisis #sdgs #ESG #portfoliomanagement #environment #impact #nature #netzero

C&F Partner, Bart Banino, is speaking about Greenwashing Claims in the Aviation Industry at a workshop for this year’s IATA World Sustainability Symposium (WSS), 24-25 September 2024, in Miami, Florida. With worldwide governments now aligned with the industry’s #FlyNetZero commitment to decarbonize aviation by 2050, WSS 2024 brings together industry experts and governments to debate and discuss key enablers for aviation’s successful decarbonization. Greenwashing claims, CORSIA compliance, Sustainable Aviation Fuel (SAF), and the Paris Agreement are some of the many topics to be discussed among airline, lessor, and manufacturing global aviation community experts seeking to create effective #sustainability measures and achieve net zero emissions. We hope that you can join Bart Banino in Miami for the International Air Transport Association (IATA)’s 2024 World Sustainability Symposium. https://lnkd.in/df2tQuZg #IATAWSS #aviationlaw #netzero

Europe, a pioneer in decarbonizing aviation, plays a pivotal role in ICAO's net zero goals 🛫 Secretary General Juan Carlos Salazar emphasizes the region's leadership in sustainable aviation fuel deployment and calls for deeper support. Read more in ICAO: #aviation #sustainableaviation

E4FC is thrilled to introduce its updated manifesto, reflecting its unwavering commitment to advancing European aviation for the benefit of all. 🌟   ✈️ At E4FC, we are dedicated to nurturing strong EU airlines, with a commitment to social responsibility, sustainability, and a level playing field for all. 🌍   2024 is a pivotal year for the EU, new leadership needs to navigate global challenges by bolstering the aviation industry while upholding high social standards and achieving climate neutrality. Our refreshed manifesto underscores the importance of a comprehensive regulatory framework for both internal and external EU aviation markets. We believe it's essential to advocate for policies that support the future of the aviation industry, with a focus on key objectives such as:   🔹 Ensuring the strategic autonomy of the EU aviation sector. 🔹 Promoting EU interests and fostering a level playing field through an EU external aviation policy. 🔹 Addressing sustainability challenges to maintain competitiveness and combat carbon emissions. 🔹 Upholding European standards and requirements for a socially responsible aviation sector.   Join us in our mission to achieve a more sustainable, connected, and socially conscious aviation industry! Read the full E4FC Manifesto here 👉 https://bit.ly/4anMT3k   #E4FC #Aviation #EU #Sustainability #Connectivity 🛫🌍