The European aviation industry faces more than 800 billion euros in extra costs to reach net zero emissions by 2050 to limit climate change, according to an industry-commissioned report that highlights the challenge facing the sector as it decarbonises.
The industry has committed to reaching net zero through a mix of new technologies, especially alternative fuels, as well as carbon offsets and more efficient aircraft, engines and air traffic management.
Reaching net zero would need “considerable additional efforts compared to business as usual,” and would cost 820 billion euros over a 32-year period from 2018 to 2050, according to the report commissioned by airline industry bodies.