Low Oil Prices Kill Incentive To Develop New Jet Fuel

Aviation is one of the very few industries that has
collectively committed to long-term global targets to cut
emissions. The industry uses several types of alternative jet
fuels—mostly biofuels—but three years of low oil prices amid rising
demand for international travel are discouraging the business case
for investing more in alternative fuels, given the fact that
conventional jet fuel prices are low. The International Air
Transport Association (IATA), whose member airlines represent
around 85 percent of all global commercial flight…

Aviation is one of the very few industries that has
collectively committed to long-term global targets to cut
emissions. The industry uses several types of alternative jet
fuels—mostly biofuels—but three years of low oil prices amid rising
demand for international travel are discouraging the business case
for investing more in alternative fuels, given the fact that
conventional jet fuel prices are low. The International Air
Transport Association (IATA), whose member airlines represent
around 85 percent of all global commercial flight…