The DESTINATION 2050 partners commissioned a new report from the consultancies SEO Amsterdam Economics (SEO) and the Royal Netherlands Aerospace Centre (NLR), as a follow-up to the DESTINATION 2050 roadmap. The aim of the new study is to calculate the expenditures that are necessary to achieve the targets set out in the DESTINATION 2050 roadmap and accelerate European aviation’s decarbonisation.
Although challenging to do an accurate assessment of the price of reaching net zero for the European aviation sector, we have commissioned this scientific study to establish a better understanding.
Aviation plays a critical role in the European socio-economic model, bringing people and regions closer together and facilitating transport of goods. The European aviation ecosystem continually drives forward innovation and technology thanks to highly skilled employees upholding competitiveness worldwide in this crucial sector.
We are firmly committed to a climate neutral European aviation in line with the EU climate goals and the Paris Agreement targets. Therefore, decarbonisation is at the heart of our business.
DESTINATION 2050 partners ask policy makers – national and European – to facilitate the pathway towards an environmentally and economically sustainable European aviation sector by appropriate supporting measures necessary to drive the transition towards net zero.
The aviation sector’s expenditures towards achieving net zero are substantial and are dependent on access to finance from the private and public sector. This is vital when capital reserves are insufficient to make large upfront payments for new aircraft and infrastructure.
The availability of capital can be facilitated with the right set of incentives and policies as outlined in the below Reflection Paper covering notably sustainable aviation fuels, air traffic management and operations, engine and aircraft technology, airport infrastructure and economic measures.
The aviation sector’s ability to finance its decarbonisation pathway depends largely on its financial and operational health.
Only with the right set of incentives and policies, the required capital can be made available for the sector’s decarbonisation. This means timely and effective measures bringing long-term clarity and predictability for investors. Regulatory frameworks must encourage low carbon technology deployment.