AGL 40.01 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 187.98 Increased By ▲ 9.91 (5.57%)
BOP 10.12 Increased By ▲ 0.16 (1.61%)
CNERGY 7.11 Increased By ▲ 0.17 (2.45%)
DCL 10.15 Increased By ▲ 0.06 (0.59%)
DFML 41.57 No Change ▼ 0.00 (0%)
DGKC 107.91 Increased By ▲ 1.02 (0.95%)
FCCL 39.00 Decreased By ▼ -0.03 (-0.08%)
FFBL 82.02 Increased By ▲ 0.13 (0.16%)
FFL 14.90 Increased By ▲ 1.20 (8.76%)
HUBC 119.46 Increased By ▲ 0.21 (0.18%)
HUMNL 14.05 Increased By ▲ 0.05 (0.36%)
KEL 6.40 Increased By ▲ 0.49 (8.29%)
KOSM 8.07 Increased By ▲ 0.01 (0.12%)
MLCF 49.47 Increased By ▲ 1.37 (2.85%)
NBP 73.66 Increased By ▲ 0.83 (1.14%)
OGDC 204.85 Increased By ▲ 11.09 (5.72%)
PAEL 33.56 Increased By ▲ 1.41 (4.39%)
PIBTL 8.07 Increased By ▲ 0.05 (0.62%)
PPL 185.41 Increased By ▲ 11.34 (6.51%)
PRL 33.61 Increased By ▲ 1.01 (3.1%)
PTC 27.39 Increased By ▲ 2.12 (8.39%)
SEARL 119.82 Decreased By ▼ -5.14 (-4.11%)
TELE 9.69 Increased By ▲ 0.27 (2.87%)
TOMCL 35.30 Decreased By ▼ -0.09 (-0.25%)
TPLP 12.25 Increased By ▲ 0.63 (5.42%)
TREET 20.26 Increased By ▲ 1.84 (9.99%)
TRG 60.78 Increased By ▲ 0.29 (0.48%)
UNITY 37.99 Decreased By ▼ -0.22 (-0.58%)
WTL 1.65 Decreased By ▼ -0.01 (-0.6%)
BR100 11,772 No Change 0 (0%)
BR30 36,584 No Change 0 (0%)
KSE100 110,810 No Change 0 (0%)
KSE30 34,429 No Change 0 (0%)

GENEVA: The head of the world aviation industry body complained Tuesday that the current supply of new low-carbon aircraft fuels risked not being enough to help the sector meet climate targets.

The International Air Transport Association (IATA) said in a statement that production of “sustainable aviation fuels” was expected to reach 1.3 billion litres in 2024, more than double the figure for the previous year.

That was below the 1.9 billion litres IATA had forecast for this year for the fuels, which are produced from sources such as “biomass” — vegetable or animal matter — or used cooking oil.

It forecast the level would rise to 2.7 billion litres in 2025 — just 0.7 percent of the fuel used by aeroplanes worldwide.

“We’re not seeing sufficient supply coming into the market,” IATA Director General Willie Walsh told AFP.

“That’s a criticism of the current, the major traditional fuel suppliers who have not been delivering sustainable fuels and not making the required investment,” he added.

“This is frustrating and of great concern to us because I think it’s in everybody’s interest that we see this transition to net zero” carbon emissions, he said.

Countries are seeking low-carbon energy sources to curb the climate crisis caused by planet-warming emissions.

IATA has set a target of net zero emissions for the sector by 2050, counting heavily on sustainable fuels to meet it.

Walsh called on governments to help boost production of these fuels.

“I don’t think (the target) is in danger right now,” he said, but added: “If this trend continued beyond 2030, then I would be concerned.”

Comments

200 characters