JetBlue to Turn from Carbon Offsets to Sustainable Aviation Fuels

JetBlue to Turn from Carbon Offsets to Sustainable Aviation Fuels

BY  
Seneca ESG  
- December 15, 2022

JetBlue , a US budget airline, has decided to end its carbon offset program for domestic flights and instead turn to sustainable aviation fuels (SAF), in an effort to halve its per-seat emissions by 2035 from 2019 levels, as reported by The Verge on December 10. In 2020, the company became the first US airline to voluntarily offset greenhouse gas emissions from its domestic flights, and the effort is set to end in 2023. In addition, it has already been using SAF for flights between San Francisco and Los Angeles since 2020. The airline has signed procurement agreements with several companies for more SAF. On December 2, it signed an agreement with Fidelis New Energy to buy at least 92m gallons of blended SAF, to be delivered over five years starting from 2025.

Carbon offsets are intended to cancel out the pollution from burning aviation fuel by reducing emissions elsewhere, typically through investments in renewable energy or forestry projects. However, investigations and research have found that most carbon offset programs on the market don’t actually eliminate real-world pollution. In comparison, SAF could reduce carbon dioxide emissions by at least 80% on average over the entire lifecycle, compared with their fossil fuel equivalent. The European Union has called on airlines to scale up the uptake of SAF for every flight leaving the larger EU airports, starting with 2% in 2025, 5% in 2030, and 63% in 2050. JetBlue has set a target to make SAF account for 10% of the airline’s total fuel by 2030. 

Sources:

https://www.theverge.com/2022/12/9/23501665/jetblue-carbon-offsets-sustainable-aviation-fuel

https://blueir.investproductions.com/investor-relations/press-releases/2022/12-02-2022-160013359

https://blueir.investproductions.com/investor-relations/press-releases/2022/12-06-2022-160030392

https://www.easa.europa.eu/en/light/topics/fit-55-and-refueleu-aviation

立即開始使用 Seneca ESG 工具包

監控投資組合 ESG 表現,自建 ESG 框架,讓商業決策更精準。

Toolkit

Seneca ESG

有興趣?立即聯絡我們

請填寫右側表單,或直接郵件聯絡我們:

sales@senecaesg.com

新加坡辦公室

7 Straits View, Marina One East Tower, #05-01, Singapore 018936

+(65) 6223 8888

巴塞隆拿辦公室

Carrer de la Tapineria, 10

Ciutat Vella, 08002, Barcelona, Spain

+34 612 22 79 06

台北辦公室

台灣台北市大安區敦化南路二段77號7樓,106414

(+886) 02 2706 2108

利馬辦公室

Av. Santo Toribio 143,

San Isidro, Lima, Peru, 15073

(+51) 951 722 377