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April 24, 2020
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Several countries, like India, are planning to introduce policies to support the development of RAF. Sustainable aviation fuel (SAF) is more expensive than jet fuel and this cost premium is a key barrier to its wider use, the research states.

The expected increase in demand for renewable aviation fuel is not likely to be met unless airline operators expand their renewable aviation fuel commitments with bio-refineries, which will consequently result in driving improvements in fuel cost and availability. With the expected increase in the adoption of renewable aviation fuels on a global scale, the investments in airport infrastructure are expected to increase. North America dominated the market in 2018, mainly driven by the existing framework of fuel policies supporting renewable aviation fuel production.

North America is one of the largest markets for both, the aviation industry and renewable aviation fuel, according to the report. In 2017, the US commercial fleet reached around 7,397 aircraft, representing an increase of 2.79% from the previous year’s fleet. US-based airlines carried an all-time high number of passengers in 2018 — some 1,011.5 million worldwide. In the US, robust growth in air travel resulted in more than 9.2 million t increase in aviation emissions in 2018, and this number is expected to increase in the coming years as well. Switching to more energy-dense biofuel to reach the goal of decarbonising the aviation sector is expected to play an important role in reducing GHG concentration across the region. Waste, residual fats, and oil could supply as much as 7% of the total jet fuel demand in North America. Overall, with supportive policies to decarbonise the aviation emission, the North American market is deemed to be one of the strong demand centres for the renewable aviation fuel market.