Airlines see the idea of reducing greenhouse gas (GHG) emissions through alternative fuels as a positive, but an eight-fold increase in fuel cost may stand in the way of landing on net-zero targets on time. 

SAF

Last year, the Biden administration targeted commercial aviation for reducing emissions, and  set a domestic production goal of 3 billion gallons/year of sustainable aviation fuel, aka SAF, by 2030. By 2050, the administration is aiming for a net-zero aviation industry supplied with 35 billion gallons/year of SAF. 

That said, “it’s not surprising that fossil fuel industry leaders are involved in developing and producing SAF,” NGI senior analyst Josten Mavez said in a recent interview. 

Supermajors BP plc, Eni SpA, Chevron Corp., Shell plc and TotalEnergies SE are...