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Indian Airlines Fear Global Green Fuel Targets May Ground Their Profitability
- Indian airlines are concerned about the new CORSIA global emission standards, labeling them as unrealistic and warning of financial burdens.
- CORSIA aims to limit carbon emissions from international aviation, with India required to comply from 2027 by offsetting emissions exceeding 2020 levels.
- Airlines like SpiceJet and Air India Express express concerns about the burden of complying with CORSIA targets and the slow progress of sustainable aviation fuel production.
- Indian carriers seek incentives from the government to support the transition to sustainable aviation fuel, highlighting the disparity in emission targets compared to the western world.
- SpiceJet conducted India's first SAF-powered flight in 2018, emphasizing the need for economic viability in sustainable fuel production.
- Boosting SAF production in India requires political will and support, with discussions held to optimize refinery locations and lower transport costs.
- Consultancy firm CAPA India suggests that Indian carriers may not be ready to meet CORSIA targets and that current targets may need to be postponed.
- Currently, only about 0.53% of total fuel consumption in India is sustainable aviation fuel, highlighting the significant gap to achieve net-zero targets by 2050.
- To meet sustainability goals, increased SAF production is crucial, with airlines urging for governmental support and cost-friendly infrastructure.
- Indian airlines are calling for a more balanced approach in emission targets and financial assistance to facilitate the transition towards sustainable practices in aviation.
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