AeroStrategy Estimates CO2 Emissions To Grow At 4% Per Year
Aerospace consultancy AeroStrategy recently participated in a panel discussion of “Emission Trading and Carbon Offsets” at Air Transport World’s conference, “Eco-Aviation - Making it Work for the Aviation Industry and Planet” on June 20, 2008.
Key messages from AeroStrategy’s presentation included:
- Air Transport accounts for 75% of aviation’s 160 million turbine engine hours.
- Air Transport fuel consumption is around 156 Tg [51 Billion gallons]. Old and mature aircraft account for nearly 60 percent of this.
- Air Transport emits around 500 million tons of CO2 per annum.
- Given current fleet performance and traffic growth projections, fuel consumption will grow at four percent on an annual basis.
- Next-generation aircraft will account for 15 percent of fuel consumption by 2017; therefore the greatest gains to fuel efficiency in the short- to medium-term lie in initiatives to improve fuel efficiency of the existing fleet.
- Given current fuel prices, fuel has become 35% of an airline’s operating cost structure – hence the economic imperative to improve fuel efficiency.
A summary of findings is available on the AeroStrategy website and can be downloaded at www.aerostrategy.com.
AeroStrategy is a premier management consulting firm specializing in strategy and market analysis for the aviation and aerospace industries. The firm has offices in Europe and North America.
For further information, see www.aerostrategy.com or please contact:
Jennifer Zapp
Research Associate
AeroStrategy
101 N. Main
Suite 400
Ann Arbor, MI 48104
734-213-1579 direct
734-821-0221 fax
Ann Arbor, MI 48104
734-213-1579 direct
734-821-0221 fax
