“Fuel Is Strategic” says Aviation Expert at ITB; Biofuels Are Key to “Thinking out of the Box”
Jim Lane (Biofuels Digest) In Germany, Dr. Jurgen Ringbeck, Senior Partner of Booz & Co said “Fuel is strategic, and there is an argument that can be made that an energy monopoly will be dominating the aviation industry.” Dr. Ringbeck was speaking at ITB, the leading travel trade conference, which scheduled a special focus day on aviation and sustainability. “Fuel expenses and carbon is of extreme economic importance and the aviation industry will have to deal with it, and we have to think out of the box.”
…(H)e said that the industry’s reduction target of 50 percent by 2050 was “very, very ambitious” and said that it will call for “completely different aircraft and very different fuels.” He described the European Emissions Trading Scheme as valuable, but said that the 7.8 billion euro projected impact by 2020 placed an additional cost burden that would wipe out profitability in aviation and could only be accomplished with radical changes in aviation systems or nationalization of airlines to pay for the charges. READ MORE Download presentation
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