Airlines not switching quickly enough to green jet fuel, study says [Yahoo! Finance]
AIR FRANCE-KLM ADS (AFLYY)
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Source: Yahoo! Finance
by Brussels-based advocacy group Transport and Environment, which also found too little investment by oil producers in the transition. The comments come as the airline sector calls for more production of the fuel, which can be made from materials such as wood chips and used cooking oil. "Unfortunately, airlines at the moment are not on the trajectory to have meaningful emissions reduction because they're not buying enough sustainable aviation fuel," Transport and Environment aviation policy manager Francesco Catte said. As it stands, SAF makes up about 1% of aviation fuel use on the global market, which needs to increase for airlines to meet carbon emission reduction targets. The fuel can cost between two to five times more than regular jet fuel. A lack of investment by major oil players, who have the capital to build SAF processing facilities, is hampering the market's growth, the study says. In its ranking, Transport and Environment pointed to Air France-KLM, United Airlin
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