The CEO of WestJet, Canada’s second-largest airline, warns that the global effort to decarbonize the aviation sector by 2050 could result in a significant increase in ticket prices unless governments provide support.
Alexis von Hoensbroech made this statement at the 24th World Petroleum Congress, where he discussed the challenges facing the aviation industry in the transition to sustainable practices. WestJet is the largest consumer of petroleum products in the province of Alberta, spending more than $1 billion annually on jet fuel.
While the airline is investing in more efficient aircraft to reduce greenhouse gas emissions, von Hoensbroech argues that financial and regulatory support is needed to promote the use of sustainable aviation fuel (SAF).
SAF is a low-carbon fuel made from renewable materials, rather than petroleum. However, it is currently five times more expensive than traditional jet fuel. To make the SAF more affordable and accessible, von Hoensbroech calls for governments to provide assistance. This could include financial incentives for airlines to adopt SAF, as well as regulations mandating its use in the industry.
The transition to sustainable aviation is crucial to addressing climate change and reducing the carbon footprint of the aviation sector. While airlines are taking steps to reduce their emissions, such as investing in more fuel-efficient aircraft, the use of SAF is essential to achieving significant carbon reductions. By providing support and incentives, governments can play a key role in driving the adoption of sustainable practices in the aviation industry.
Sources: The Canadian Press