No Flight For You
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Will the middle-class be priced out?...
Aviation’s move to net zero will cost $5 trillion according to the United Nations, and airlines are already raising prices to pay for it
The UK, the EU, and many other governments have pledged to achieve net zero by 2050. This means airlines must shift to SAF {"Sustainable Aviation Fuel" which costs drastically more}. In the UK, SAF must make up 2 per cent of all jet fuel volumes by next year, rising to 10 per cent in 2030 and 22 per cent by 2040. The EU’s targets are more ambitious still, committing to 70 per cent by 2050.
'We know that decarbonisation is going to be very expensive. It's going to cost trillions,' said Luis Gallego, the head of International Airlines Group, which owns British Airways
The International Air Travel Association (IATA) and The International Civil Aviation Organization (ICAO), a specialised agency of the United Nations, calculate that transitioning to net zero by 2050 will cost in excess of nearly $5 trillion.
Luis Gallego, the head of International Airlines Group (IAG), which owns British Airways, says that the switch to cleaner jet fuel will have a big impact on the cost of flying. “We know that decarbonisation is going to be very expensive. It’s going to cost trillions”
Sally Gethin, an aviation commentator, predicts that the transition to SAF could change the way we think about holidays: “In some markets it is likely that middle-income families will be priced out of the sky”
(Excerpt) Read more at... https://www.telegraph.co.uk/travel/news/net-zero-middle-income-families-priced-out-of-flying-by-205/
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I don't think so. The market will adjust.
Some pretty cool things are being done with green jet fuels. Costs for these fuels will decrease by an exponent.
And realistically, the overall world population that will be able to fly even if prices go up. I think that the # of middle class citizens will increase faster than those priced out of flying.
