Net Zero Industry Tracker 2024 Aviation

Overall aviation activity demand is expected to more than double by 2050, increasing by a factor of 2.1 compared to 2023.123 The Asia-Pacific124 region is expected to account for about half of new passengers by 2036, driven by rapid income growth. In order to align with the Net Zero Emissions by 2050 Scenario, scaling up longer- term solutions like SAF and electric or hydrogen- powered aircraft is essential. Key strategies include diversifying SAF feedstocks, establishing blending mandates, reducing cost differentials and de- risking projects. Decarbonization levers and top mitigation methods (MPP’s NZE Scenario) FIGURE 24 +182% -79%0.51.01.52.02.5 0Top three mitigation methods 2022 2050 Increase in demand Aircraft design improvements Novel propulsion aircraft SAF: PtLs SAF: biofuels CO2 removals SAF Expected to reduce emissions by 35-60% Aircraft design improvements Expected to reduce emissions by 40-45% Novel propulsion technologies Expected to reduce emissions by 5-15%CO2 emissions, Gt CO2 Source: MPP . 5 Net-Zero Industry Tracker: 2024 Edition