🇫🇷🛢France allocates 300 million euros a year to decarbonize aviation

French President Emmanuel Macron on recently announced his intention to invest 300 million euros a year until 2030 in technology and low-carbon fuels aimed at decarbonizing the aviation sector.

Speaking at the Safran Aircraft Engines plant in Villaroche, Macron also said that France has secured the ability to produce 500,000 tons of green aviation fuel a year.
300 million euros ($328 million) will be used to fund research by the Civil Aviation Research Council (CORAC) on technologies aimed at decarbonizing the aviation sector, including the development of low-carbon aircraft and engines.

The aviation industry has come under scrutiny as a significant source of greenhouse gas (GHG) emissions, accounting for 2-3% of global emissions, with the vast majority of emissions in this sector coming from fuel use.
France has also announced plans to invest €200 million to support the development of electric and hydrogen aircraft and €200 million to accelerate the development of sustainable aviation fuel (SAF) capacity.

The SAF funding will support the construction of BioTJet, a new biorefinery in the Lacs region of southwest France by partners Elyse Energy, IFP Energies nouvelles, Avril and Bionext. On June 16, the partners announced plans to proceed with the project, which is expected to produce 110,000 tons of biofuel per year, including 75,000 tons of SAF and 35,000 tons of bio naphtha.

🔻This gives us a clue that global trend towards zero emissions is accelerating. Green fuel obviously will be more scarce and costly. In the long run it will make avia travel less affordable to the majority of population, at least in the EU.

#France #fuel #ESG #analytics

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