The Cost of Sustainable Aviation Fuels

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The aviation sector is still very much in the early stages of development and deployment. Last year, sustainable aviation fuels accounted for only 0.1% of total jet fuel. The International Air Transport Association found that sustainable aviation fuels in 2022 alone cost airlines an additional $322 to $510 million. How are airlines working to educate and engage with customers on their sustainability efforts?

In this episode of ESG Insider, we’re exploring how the hard-to-abate aviation sector is approaching net-zero goals. We bring you on-the-ground interviews from a sustainable aerospace forum hosted by Boeing and Financial Times Live that took place in Seattle on May 17.

To understand what steps airlines are taking to decarbonize, we talk with United Airlines Chief Sustainability Officer and Managing Director of Global Environmental Affairs Lauren Riley. We also sit down with Alaska Airlines Senior Vice President of Public Affairs and Sustainability Diana Birkett Rakow.

To get the financial sector perspective, we speak with Joseph Shanahan, Head of Aviation at big multinational bank Citi. To hear about new aviation technologies being developed, we sit down with Sheila Remes, Vice President of Environmental Sustainability at Boeing. And we explore the world of sustainable aviation fuel (SAF) with Philippe Lacamp, CEO of SkyNRG, a distributor of low-carbon aviation fuels.

Photo source: Getty Images

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