Aviation Biofuel Overview

Nov 21 19:11 2019 Print This Article

by Debra Fiakas, CFA

The aviation industry contributes about $2.7 trillion to the world’s gross domestic product.  It may seem like a big number, but that is only 3.6% of the world’s wealth.  Aviation may be a minor player in terms of creating wealth, it is a big culprit in climate change.  Flying around the world accounts for as much as 9% of humankind’s climate change impact.  Indeed, compared to other modes of transportation, flight has the greatest climate impact.

The negative impact of carbon emitted by aircraft is made even worse by the fact that the emissions point is mostly at cruising altitudes high in the atmosphere.  High-altitude emissions are considered to be more harmful because the chemical reactions there create a greater net warming effect.  The Intergovernmental Panel on Climate Change (IPCC) estimates that the climate impact of aircraft is as much as four times greater than the effect of the carbon emissions alone.

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