Net Zero Aviation
The Net Zero Aviation project will assess the feasibility and potential impact of geologically balanced fuels (GBFs) as a complementary strategy to emissions reductions or more conventional Sustainable Aviation Fuel (SAF) for net zero aviation. A GBF is defined as a conventional aviation fuel whose carbon dioxide emissions are compensated for by an equivalent quantity of carbon dioxide (CO2) being captured and permanently stored in geological formations. The goal would be to develop policies and reporting standards which support gradually increasing the fraction of emissions captured and stored over time through cooperation between the aviation sector and their fuel suppliers. GBFs serve as a complement to emissions reduction efforts and could reduce the risk of relying too heavily on SAFs (which may prove extremely costly) or offset credits such as CORSIA Eligible Emission Units (whose effectiveness continue to be strongly questioned) for achieving net zero aviation.
Over the course of the project, the team’s work will cover:
- Definitions and financial analysis of GBFs.
- Policy and business models analysis.
- Social license; equity; monitoring, reporting and verification; and capacity assessment.
The Net Zero Aviation project is supported by VietJet and is a collaboration between Oxford Net Zero, VietJet and IATA.
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