NEWS COMMENTARY

With aviation emissions increasing faster than projected and consumer demand continuing to grow, air travel is ripe for electrification

Published:
September 19, 2019
Coverage:
Owning the Energy Transition More...
Activities:
Markets More...
by Chloe Holzinger
Average importance

A new report by the International Council on Clean Transportation (ICCT) finds that aviation emissions are increasing 70% faster than UN projections. Meanwhile, Airbus forecasts that urbanization and the growing global middle class will drive the number of commercial aircraft in operation to more than double in the next 20 years. Lux expects that increasing emissions regulations combined with this increased demand will drive a shift in air travel business models from today's hub-and-spoke system, which relies on fossil fuel-dependent,100-passenger commercial airliners, to a distributed system with shorter, more frequent flights on smaller planes accommodating only 20 to 50 passengers, as these can be electrified using existing technologies.

For the original news article, click here .


Further Reading

COVID-19 results in a 20% decrease in oil demand so far

News Commentary | March 23, 2020

The oil industry is facing an unprecedented drop in demand as a result of the global measures against COVID‑19. While it is too early to assess the impact properly, early indications by traders suggest a 20% drop in demand. The only other time with a demand decrease was in 1980, during the recession... To read more, click here.

India's glimpse of good air quality puts pressure on the country's coal industry as regulators aim to shut down noncompliant facilities

News Commentary | June 17, 2020

Coal‑fired electricity generation has dropped by 31% in India so far in 2020 as the country's CO2 emissions declined for the first time in more than 40 years. The drop in CO2 emissions has been a result of the significantly lower demand for energy and has led to vastly better air quality, with an ... Not part of subscription

Genius 2020: Leveraging Crisis

State of the Market Report | September 25, 2020

A crisis of epic proportions is upon us. Many of the fundamental assumptions we have held true about human health, free markets, the nature of work, consumption, and movement of people and goods ‑ to name but a few ‑ are being stressed to points previously unthinkable. Given the magnitude of change ... Not part of subscription