For us to battle global warming as a generation and other effects on climate change, decarbonisation should be the goal of all future organisations.
The aviation industry has committed to become net carbon neutral by 2050.
Any thoughts on other decarbonisation practices across sectors?
Global flights in 2023 increased by 27% compared to 2022, but are still 6% below 2019 (before the pandemic)
Next challenge: descarbonization
#aviation#airports
The air transport industry has been hit hard by the pandemic, and the recovery process is taking time.
In 2023, the global number of airport passengers saw a 27% growth compared to the previous year. However, this number was still approximately 6% lower than pre-pandemic levels, in 2019.
The text you provided about Airports of Tomorrow highlights a key initiative to achieve net-zero emissions in aviation by 2050. It partners with World Economic Forum and ACI World, and their recent publication "Financing The Airports Of Tomorrow: A Green Transition Toolkit" is likely recommended for a reason. Here's why you might be interested:
* **Understanding Funding Needs:** The toolkit likely explores the significant financial resources required to transform airports for a sustainable future. This includes infrastructure upgrades for electric or hydrogen-powered aircraft, investment in renewable energy sources, and potential costs for sustainable practices.
* **Learning Financing Strategies:** The publication might detail various financing mechanisms airports can utilize. This could involve public-private partnerships, green bonds, or innovative user fee structures to raise capital for these green projects.
* **Case Studies and Best Practices:** The toolkit might showcase successful examples of airports already implementing sustainable practices and financing solutions. Learning from their experiences can be valuable for others on this journey.
Overall, "Financing The Airports Of Tomorrow: A Green Transition Toolkit" seems like a valuable resource to understand the financial landscape of building sustainable airports for the future.
"Financing The Airports of Tomorrow: A Green Transition Toolkit" is a resource developed by the World Economic Forum (WEF) in collaboration with Oliver Wyman, Airport Council International (ACI) and Mundys. It's essentially a guidebook to help airports achieve net-zero emissions through financial planning and investment in green initiatives.
Here's a breakdown of the toolkit's key points:
* **Goal:** Equips airports with the tools and knowledge to secure funding for decarbonization projects.
* **Content:**
* Decarbonization strategies for airports (short, medium & long-term)
* Financing mechanisms explained (loans, grants, sustainable finance) - tailored to airport size and regional policies
* Case studies showcasing successful green financing initiatives by airports
* **Target audience:** Primarily airports, but also relevant to financial institutions and policymakers involved in the aviation industry's green transition.
Overall, the toolkit aims to be a one-stop shop for airports looking to navigate the financial aspects of becoming more environmentally friendly.
Think about the immense scale and complexity of operations at the world’s busiest airports.
It’s fascinating to see how technology plays a critical role in addressing the challenges of passenger flow, optimizing capacity, and ensuring seamless operations. From advanced data analytics and AI-driven solutions to automated systems and smart infrastructure, technological innovations are key to enhancing efficiency and improving the passenger experience.
As airports continue to grow and evolve, leveraging these cutting-edge technologies will be essential in meeting the demands of the future.
Aviation accounts for a relatively small share of global emissions but is one of the most challenging sectors to decarbonise. Despite reductions in flying during the Covid-19 lockdowns, demand is expected to grow rapidly through 2030. New aircraft can be up to 20% more efficient than the models they replace, but growth in activity has historically outpaced efficiency improvement.
To mitigate climate change, the overriding goal for the aviation sector as a whole is to achieve net zero as quickly as possible. Airports – a subset of this sector – account for around 15% of global aviation emissions and are thus a key player in achieving this goal. Clearly then, all eyes should rightly be on Scope 3 emissions, which largely comprise what aircraft release while taxiing, taking off, landing and using auxiliary power units (APUs). This category also includes emissions linked to the transportation of both passengers and employees to and from the airport, as well as airport construction activities. In the current context, these emissions alone add up to between 85-95% of total addressable emissions and must therefore be the primary focus of airports’ climate policy activities.
Customer willingness to pay is growing. Cargo, corporate, and leisure customers have signaled or have the propensity to pay for decarbonization measures. A 2023 McKinsey survey indicated that 85 percent of travelers globally said they were willing to pay 2 percent or more for carbon-neutral flight tickets, which is a significant increase compared to previous years: in 2019 and 2021, a McKinsey survey showed consumers’ willingness to pay more for carbon-neutral flight tickets was 46 and 39 percent, respectively. But consumers’ actual behavior may differ. Another survey indicated that only 14 percent of travelers actually pay more for sustainable options when they travel. Not only are consumer decisions subject to economic factors, but there is also a scarcity of sustainable booking options and unclear sustainability-related information. As such, raising ticket prices to factor in sustainable options could reduce demand or lead consumers to shift to other connections. Still, leading carriers could limit losing customers by creating transparency, debundling products, and driving personalized, sustainable offerings based on clear segmentation.
✈ Global #airports served 8.5 billion trips in 2023.
Learn more about Airports of Tomorrow, the World Economic Forum’s initiative with ACI World - Airports Council International to support the #aviation industry's transition to net zero by 2050:
https://ow.ly/Yz1850RvJVU#netzero#flying#aeroplane
