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Green Aviation Market to 2020 - Stringent Regulations to Drive Investment in Green Technologies
Green Aviation Market to 2020 - Stringent Regulations to Drive Investment in Green Technologies
Green Aviation Market Holds Enormous Revenue Potential and is Expected to Reach $412.1 billion by 2020
Hyderabad,
AP,
India
(prbd.net)
14/10/2010
"Stringent Regulations to Drive Investment in Green Technologies"
The global aviation industry contributes 2-3% of the world’s annual total anthropogenic carbon dioxide emissions. The emissions from the aviation industry currently only account for a small part of total emissions, but escalating demand for the aviation industry will be a major reason for increased emissions from the aviation industry.
Due to the rising level of emissions from the aviation industry, several initiatives are being implemented at global and local levels. One such initiative taken by the US Environmental Protection Agency (EPA) mandates a minimum volume of renewable-source fuel in transportation fuels. The EPA is responsible for the development and implementation of regulations which are related to transportation fuel sold in the US. The new regulations ensure that transportation fuel contains a minimum volume of renewable fuel. This standard was developed in collaboration with many key stakeholders in the fuel industry, which includes refiners and renewable fuel producers.The Renewable Fuel Standard (RFS) program regulations, as they’re known, were created under the Energy Policy Act (EP Act) of 2005. The RFS program was first to create a renewable fuel
mandate in United States. Under the original RFS program, the EPA required 7.5 billion gallons of renewable fuel to be blended into gasoline by 2012. The figure below shows the new renewable fuel standard indicating the growing importance of renewable fuels in the US.
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The global aviation industry annually contributes around 2-3 % of total worldwide anthropogenic carbon dioxide emissions. Though, the emissions from the aviation industry currently account for a small part of total man-made emissions, the escalating demand for the aviation industry will be a major reason for increased emissions. Furthermore, the growth in air traffic over the last couple of decades has outweighed the contribution of significant improvements in aircraft technology and aircraft operations.
GBI Research believes that in the years ahead, the aviation industry will turn to green technologies in order to develop business-led solution to address climate change. Tightening regulations on the aviation industry to curb its emissions will drive green aviation technology market in general and the aviation biofuels and fuel cells market in particular. GBI Research anticipates the green aviation market will reach $412.1 billion in 2020 from $80m in 2009.
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http://www.gbiresearch.com/Report.aspx?ID=Green-Aviation-Market-to-2020-Stringent-Regulations-to-Drive-Investment-in-Green-Technologies&ReportType=Industry_Report&coreindustry=ALL&Title=Clean_Technology
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