This is according to a new plan they have, apparently, published this morning.
Please forgive my cynicism but I do not believe them.
There is no evidence that carbon offsets work.
I doubt that significant changes in fuel to save carbon in aircraft are possible.
And I seriously doubt better air traffic management is going to save a lot unless the number of planes in the air declines dramatically and stacking before landing disappears.
This is, in my opinion, an industry in denial. Mass flying and net zero carbon are incompatible. The age of globe-trotting to find the sun is over, and that is what around 90% of all flying is about. We either come to terms with this, or we destroy the chances of human life on earth.
If I never fly again, I will be happy. Not only is there no fun in flying, but the cost is far too high. The result is that in my opinion airlines are carbon insolvent: they will never raise enough funding to make themselves carbon neutral and so cannot survive.
The entire point of Sustainable Cost Accounting is that the auditor – which really means Richard Murphy – gets to declare whether a company is carbon insolvent. And if we have auditors – ie, Richard Murphy – who just declare that because they don;t believe it therefore carbon bankruptcy then we’re going to have an economy limited by R Murphy’s ability to process technological change.
Tht is, not much of an economy.
The actual way to do this is of course to allow folk to try things out an see which method wins rather than depending upon the intellect of a retired accountant from Wandsworth. Or even The Sage of Ely.
As Tesla just pointed out:
Longer distance flights, estimated as 80% of air travel energy consumption (85B gallons/year of jet fuel globally), can be powered by synthetic fuels generated from excess renewable electricity leveraging the Fischer-Tropsch process, which uses a mixture of carbon monoxide (CO) and hydrogen (H2) to synthesize a wide variety of liquid hydrocarbons, and has been demonstrated as a viable pathway for synthetic jet fuel synthesis….
Maybe air travel will be a little more expensive as a result. Maybe the world in 25 years will be a little richer than it is now too. Who knows?
Well, we’ll find out at least, as long as no one ever does implement Sustainable Cost Accounting of course.
Still, we have a task for our newly climate change acceptable aircraft…..come friendly bombs and fall on Ely……