BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)
By

BRUSSELS: Major European airlines on Thursday urged the European Union to reconsider green targets for the sector unless production of renewable fuels picks up and costs can be brought down.

Under ambitious plans to tackle climate change, the EU will require airlines to gradually increase the amount of so-called sustainable aviation fuel (SAF) they use to power planes. But airlines complain SAF is not widely available and too expensive, hampering competitiveness.

“We don’t have enough SAF, and the SAF that we have is very expensive,” Luis Gallego, CEO of the IAG airline group bringing together Iberia, British Airways and other carriers, told a press conference.

Gallego was speaking on behalf of Airlines for Europe (A4E), an industry group representing 17 airlines including Lufthansa and Air France-KLM, at an event it held in Brussels. EU rules require carriers to include two percent of SAF in their fuel mix starting this year, rising to six percent in 2030 before soaring to 70 percent from 2050.

But a study published by A4E estimates SAF production would be 30 percent below levels necessary to achieve the goal in 2030, according to Gallego.

“It is now clear that SAF supply will not be sufficient to meet the six percent target by 2030,” said Ryanair CEO Michael O’Leary.

“Unless action is taken now, the only realistic solution is to move the 2030” target, added Gallego.

But the European Commission said the targets were not up for review and the bloc would “stick to” them. “We consider the current SAF targets to be realistic and feasible,” a commission spokeswoman said.

“The focus is now on their implementation, and we will offer support where needed,” she added, noting an investment plan for sustainable transport would be presented later this year.

Contributing to almost three percent of carbon dioxide emissions globally, the aviation sector is among the toughest to decarbonise.

SAF — a biofuel that produces lower carbon emissions than traditional jet fuel, made from plant and animal materials like cooking oil and fat — is seen as a crucial ingredient to hitting emissions targets.

Comments

Comments are closed for this article.