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IBA’s Webinar: A Progress Update – The Journey to Net Zero
Webinars22Mar 2024

IBA’s Webinar: A Progress Update – The Journey to Net Zero

In our latest aviation ESG update webinar of 2024, IBA President Phil Seymour, along with Jeni Stanley, ESG - Manager, and industry guest speaker Haldane Dodd from the Air Transport Action Group examined the latest regulations, industry developments, and global influences and highlight the critical issues on the journey to decarbonise aviation. Summary Over the hour, our panel discussed the industry's climate goals, including reducing emissions by half of 2005 levels by 2050, and the steps outlined in the Waypoint 2050 report to achieve this. The role of governments and the financial community in achieving these goals was also discussed, with an estimated $1.5 trillion needed in capital investment for sustainable aviation fuel (SAF) production over the next 25 years.   The webinar also touched on the impact of political changes and regulations on the industry, the potential impact on ticket prices, and the industry's efforts towards sustainability, including the use of SAF and future technology pathways such as Carbon Capture and Storage (CCS) and hydrogen propulsion. Despite these efforts, a poll revealed that most participants believe the industry will not meet the net zero target by 2050.   "The challenge of reaching net zero by 2050 requires continuous effort from all parts of the sector, not just the big airlines. The industry is exploring future technology pathways such as Carbon Capture and Storage and hydrogen propulsion. However, the industry also needs the support of governments, the energy industry, and the finance industry to achieve its sustainability goals."   The webinar also reintroduced our ESG Consulting team and IBA NetZero Reporting, the latest addition to IBA NetZero for reporting Scope 3 aviation emissions.   Click the button below to watch on-demand   Watch On-demand


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