Source: IATA The International Air Transport Association (IATA) released its methodology for accounting and reporting the emissions reduction associated with the use of Sustainable Aviation Fuel (SAF) by airlines. SAF is an essential component of airline plans to achieve net zero carbon emissions by 2050. The IATA methodology fulfils the critical need to ensure that SAF’s contribution to aviation’s decarbonization is accurately, consistently, and transparently accounted. The publication of the IATA SAF accounting and reporting methodology is a critical step in the preparation of the IATA SAF Registry which is scheduled to launch in April 2025. The IATA SAF Registry is expected to play a key role in creating a functioning global SAF market. “The IATA methodology will provide a consistent [...]

Source: IATA The International Air Transport Association (IATA) released data for full year 2024 and December 2024 global air cargo market performance showing: Full-year demand for 2024, measured in cargo tonne-kilometers (CTK), increased 11.3% (12.2% for international operations) compared to 2023. Full-year 2024 demand exceeded the record volumes set in 2021. Full-year capacity in 2024, measured in available cargo tonne-kilometers (ACTK), increased by 7.4% compared to 2023 (9.6% for international operations). Full-year yields averaged 1.6% lower than 2023 but 39% higher than in 2019. December 2024 brought the year to a close with continued strong performance. Global demand was 6.1% above December 2023 levels (7.0% for international operations). Global capacity was 3.7% above December 2023 levels (5.2% for international operations). [...]

Source: US DOT Sean Duffy was officially sworn in as the 20th Secretary of the United States Department of Transportation (USDOT). Secretary Duffy was administered the oath of office by U.S. Supreme Court Justice Clarence Thomas at the U.S. Supreme Court and was joined by his family. Upon arrival at USDOT headquarters, Secretary Duffy's first act was signing a memorandum directing staff to start the process of resetting Corporate Average Fuel Economy (CAFE) standards, which will ultimately lower the price of a car for American consumers and eliminate the electric vehicle mandate. "I am deeply honored by the trust placed in me by President Trump to lead this important Department and for the Senate in swiftly confirming my nomination," said [...]

Source: ALTA ALTA launches the unprecedented report 'Route to Sustainability in Latin America and the Caribbean', which highlights progress, challenges, and essential strategies for understanding how this region, with its unique characteristics, can achieve its sustainability goals and become a global environmental benchmark On World Carbon Emissions Reduction Day, celebrated on January 28, the Latin American and Caribbean Air Transport Association (ALTA) reinforces the aviation sector’s commitment to sustainability and building a greener future. In this context, ALTA launches the unprecedented report "Route to Sustainability in Latin America and the Caribbean", which highlights progress, challenges, and essential strategies for understanding how this region, with its unique characteristics, can achieve its sustainability goals and become a global environmental benchmark. The report emphasizes [...]

Source: IATA The International Air Transport Association (IATA) announced its intention to hold regular procurement events in 2025 for airlines to purchase Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) Eligible Emissions Units (EEUs). This followed the successful conclusion of IATA’s first procurement event with the following highlights: 32 airlines participated 11 airlines purchased CORSIA Phase 1 EEUs from the Government of Guyana This was the first large-scale purchase of CORSIA Phase 1 EEUs by airlines. The CORSIA EEUs purchased were Jurisdictional REDD+ ART Trees Guyana credits, which remain the only CORSIA EEUs available, and sold for $21.70 /tonne as part of the fixed-price auction/offering. These will be useable by airlines in fulfilling their CORSIA Phase 1 offsetting obligations [...]