It’s becoming obvious that there’s no way that enough sustainable aviation fuel (SAF) can be produced to meet the needs of air traffic.
Carriers are already suggesting they will need to play a little use in their path to ‘Net-Zero’ emissions. They plan to take advantage of strategies which allow them to keep emitting but using offsets with technologies that have been declared legitimate to shelter fuel use.
Such technologies concern purchasing carbon credits and developing carbon capture sources. But those do not actually reduce the emissions from air traffic.
I’m interested by what Glen Hughes, the director general of The International Air Cargo Forum (TIACA) said for the article below.
“What’s important is the capacity to monitor a company’s total ESG impact and activities in a manner that fulfils audit requirements and has a direct impact on investment decisions by equity firms and banks.”Source: Loadstar Article
Clearly this sidesteps serious ESG improvement for the industry and promotes a form of gaming the rules.
Promoting watered-down audit requirements and shaping how investment decisions are made by large investors clearly takes precedence over actually improving emissions. The premise that investment firms and auditors are to determine the world’s response to environmental improvement is patently ridiculous. TIACA is promoting a specious response. A harsh judge could call it a form of greenwashing.
To be fair, I will quote Mr Hughes again, from the same article, citing six questions to answer for supply chain officials:
“Am I being as environmentally responsible as I can? Am I using recyclable materials? Am I optimising transport? Am I using sustainable energy or compensating for emissions? Am I supporting global prosperity and economic growth? And how can I, my partners and supply chain stakeholders continually improve?”Source: Loadstar Article
Compensating for emissions is a big loophole. And if you use the loophole, are you being as environmentally responsible as you can be?
Leaving it to investors and politicians to decide does not seem like a wise course.
By Alex Whiteman 20/02/2023Not enough SAF for air cargo to hit net zero – carriers must find other routes – The Loadstar