Estimating Cost Savings for Aviation Fuel and CO2 Emission Reductions Strategies

This article presents suggestions for estimating cost savings for aviation fuel and reducing carbon dioxide (COs) emissions. The authors outline the short-term and long-term emissions goals for three aviation industry groups, the European Union and United States aviation regulatory agencies (including the Federal Aviation Administration, FAA), and the United Nations specialized agency for civil aviation. The authors stress that reducing fuel consumption can affect an air carrier’s bottom line by reducing fuel costs and carbon emissions. However, investments may be required in aircraft or procedural changes to reduce demand for fuel by reducing consumption while still providing the same level of air service. The authors present a method to estimate cost savings that presents a comparison method independent of the specific type of fuel reduction method used. This method uses the percentage of fuel reduced to analyze cost savings using a range of fuel prices and non-discounted payback period. The authors conclude that, at current prices for carbon credits and fuel prices, the cost of emissions does not contribute to the savings as greatly as fuel savings does. They also caution that number of governing bodies that track and impose carbon regulations is expected to increase in the next decade as aviation organizations seek a global approach to the environmental impacts of aviation.

  • Availability:
  • Authors:
    • Johnson, Mary E
    • Gonzalez, Alan
  • Publication Date: 2013

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Figures; References; Tables;
  • Pagination: pp 79-102
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 01531943
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 26 2014 7:06PM