In 2012, the aggregate fuel bill of IATA airlines exceeded US $200bn, making up to 36% of direct operating costs1
At a fuel price of US $1025 per metric tonne (mt)1, this equated to 195m mt of fuel.
Given that 1mt of fuel CO2 produces 3.15 mt of CO2; this was the source of 614m mt of CO2.
The industry believes that at high levels in the atmosphere, where no ground absorption can take place, the environmental impact may be much higher.
“First, I have examined the results of the subsequent back testing of our actual flight records using Fuel Matrix Level 1. I confirm that these do indicate significant fuel savings. It is anticipated that these savings will increase once our airline ceases to be subject to mandatory fuel policy “padding” by the Australian Regulator applicable […]
“Further to our conversation, I am pleased to confirm that having examined Fuel Matrix under NDA, we believe it is capable of delivering what it promises i.e. saving significant amounts of aviation fuel and thus significantly reducing operating costs, and production of CO2 and other greenhouse gases (i.e. “it may do what it says on the […]
The USAF also says under ‘Culture change through education’ that General Post (Commanding Officer) said “It’s just a matter of changing culture, changing attitudes, and building trust in the system …” This is precisely the philosophy behind our software. FML has been guaranteed confidentiality and remains in very active discussions.
The Carbon Trust funded consultants to carry out due diligence on FUEL MATRIX, with very supportive results. “No direct competition has been identified. Existing flight planning software products do not have the scope of FUEL MATRIX and cannot match the savings it can enable.” The Commercial study by Conduit Partners included interviews with Air France, […]
With 2012 as a baseline:
- 1% fuel saving of US $200bn = US $2bn.
- 1% reduction of 614m mt of CO2 (ground level) = 6.1m mt of CO2
In addition to the environmental impact of these emissions, the financial impact of CO2 output must be taken into account.
The IEA has predicted prices of between US $90-180 per mt of CO2 by 2030.
Since 2012, volatility in the price of oil has been reflected in lower costs of aviation fuel. This reduces the financial benefit available from fuel savings, but the CO2 penalty remains. In addition, fuel costs may not remain low in the longer term.
It has been predicted that the inclusion of airlines in the EU ETS will cost them US $3bn per year.