An industry association has predicted that the financial expense of U.K. aviation’s reduction in carbon emissions will increase ticket prices and impede the rise of passenger demand.
According to a report by Sustainable Aviation, this delay will result in a “reduction in projected aviation activity of 14.3 percent in 2050” compared to prior projections.
“The increased cost of decarbonizing aviation will inevitably reduce passenger demand,” the industry organization claimed.
By the same year, the U.K. government hopes to have a net-zero economy.
The worldwide aviation industry is facing increased costs because of paying for carbon credits, sustainable aviation fuel (SAF), and funding the reduction of greenhouse gases.
Considering large U.S. and EU subsidies and incentives, Sustainable Aviation asked the UK government to take “urgent” action to support investment in carbon-reducing solutions.
By 2050, the SAF might be able to supply 75% of the aviation fuel used in the UK.
However, it added that without government assistance to reduce the greater costs associated with adopting cleaner fuels and other carbon-offsetting activities, development was “at risk”.
Without immediate government action, the UK runs the risk of losing 60,000 jobs related to sustainable aviation.
