Net Zero Industry Tracker 2024 Aviation

0.020.040.060.080.100.120.14 BAU Net zerokgCO2/RPK 2023 2030 20502050 BAU scenario 0.13 kgCO2/RPK 2050 net- zero scenario 0.03 kgCO2/RPK0.12 0.12 00.13 0.1Performance ReadinessThe sector currently accounts for 2.5%113 of global CO2e emissions. Fossil fuels (mostly Jet-A and Jet A-1 kerosene) account for over 99%114 of fuel consumption in the industry, making them a critical driver for emission intensity. Aviation industry performance Emissions intensity trajectory for aviation sectorTABLE 4 FIGURE 23Performance metric Change (2019-2023) Industry activity (RPK) -5.9%115 Emission intensity (gCO2/RPK) -3%116 Total CO2e emissions -8%117 In 2023, industry traffic (RPKs) reached 94%118 of 2019 levels and rose 37% compared to 2022. The aviation industry has seen a significant rebound post-pandemic, with global revenues projected to surpass pre-2019 levels. Airlines have started using SAF in limited quantities, aiming to reduce their dependence on traditional fossil fuels. However, the high cost and limited availability of SAF present significant challenges for scaling its use. Among the largest SAF users in 2023, DHL119 partnered with IAG Cargo and Air France-KLM120 to sign a major 10-year agreement for the supply with TotalEnergies, marking more milestones on the journey towards sustainable air freight. Airbus121 is making progress towards zero-emission propulsion, announcing a number of collaboration agreements with global airports in 2024. New market entrants such as ZeroAvia122 are developing hydrogen-electric powertrain plans to bring a retrofitted hydrogen-powered aircraft with this ramped up capability to market by 2027. Source: IATA and ICCT. Net-Zero Industry Tracker: 2024 Edition 4