Decarbonising the transport sector by 2050 will require a paradigm shift to overcome the significant hurdles that remain in the pathway to transition. As transport industries look to slash greenhouse gas emissions and examine alternative fuel options, biofuels are well-placed to meet short-term international emissions goals. Despite some increase in cost, their global consumer base is seemingly more willing today to cover this increase for the benefit of the environment.
Since 2011, more than 200,000 flights have used sustainable aviation fuel (SAF) in the US. Aviation emissions are projected to triple by 2050. Government policies have been one of the major factors in driving the market. Recently, the Sustainable Aviation Fuel Act legislation to incentivise the production of SAF has been introduced in the US. The bill would create a new blender’s tax credit for SAF, linked to carbon reductions, as well as an Investment Tax Credit to help finance new SAF facilities and infrastructure.
“New legislation aiming to incentivise SAF production in the US”, 8 Feb 2021 – biofuels International
Corporate customers are also turning to airlines for ways to reduce scope-3 emissions (all indirect emissions that occur in the value chain of a reporting company) incurred from their employees’ business travel. Last year, Microsoft announced efforts to reduce pollution coming from some of its employees’ flights. It plans to buy credits for sustainable aviation fuel to cover travel on the commercial flight routes most frequented by its employees during business trips.
“Microsoft wants to cut down pollution from its business travel”, 22 Oct 2020, theverge.com
The International Maritime Organization (IMO) is targeting a reduction in the carbon intensity of international shipping by at least 50 percent by 2050 from 2008 levels. Research into several new fuel types is under way across ocean carriers, shippers, and research groups, with biofuels commanding much of the attention. From Jan. 1 this year, Kuehne + Nagel began offering carbon neutral LCL shipments by offsetting CO2 emissions with investment in sustainable conservation projects. In addition to the offsetting, Kuehne + Nagel has also set 2030 as a target for the “comprehensive CO2 neutralization” of transportation services performed by its suppliers, such as airlines, shipping lines, and haulage companies.
Biofuels & Transport Decarbonization virtual event will focus on transport industries’ decarbonisation journey from key drivers, challenges to future plans. We will also provide latest updates on biofuel policies, supply and demand, trends to watch and technological innovations.
• (Chairperson) Cornelius Claeys, Senior Analyst, Biofuels | Stratas Advisors
• Andrea Schoen, Head of Business Sustainability and Customer Consulting | DB Schenker
• Aaron Robinson, Senior Manager – Environmental Sustainability | United Airlines
• Kai Miller, Trade Management Energy & Emissions | Kuehne + Nagel
• Dr. Caroline Midgley, Director of Biofuels & Oleochemicals | LMC International
• Elisabeth Munck af Rosenschöld, Global Sustainability Manager | IKEA
• Guillaume Lathelize, Vice President, Global Commercial and Marketing | CMA CGM
• Dave Slade, Executive Director, Biofuel Technology and Services |
Renewable Energy Group
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