Oil is one of the most important commodities in the global economic community. The consumptions of oil are enormous, and the importance of crude oil has only been increasing with each passing year. Petroleum products are still the dominant resource worldwide. However, everything comes to an end. Thus, people are talking about shifting the energy and oil consumption toward more renewable and eco-friendly energy sources. Carbon emissions pose a serious problem in air pollution and account for about 2.5% of global emissions.
Unfortunately, for now, there are no ultimate solutions. However, sustainable aviation fuels, fuel-efficient planes, and carbon offsetting remain are the only feasible environmental potions by far. The very first historic commercial flight took off on 1 January 1914. While carbon emissions from aviation accounted for approximately 2.6% of total global emissions in 2018, they have increased by 32% from 2013 to 2018. Back then, the carbon emissions contributing to air pollution were not the highest priority. Today, the environmental impact of aviation is a pressing concern.
A new step towards ecological flights: diversification of aviation fuels
Sustainable, or green aviation fuels are alternatives that can directly replace conventional jet fuel. Thus, it contributes to the environment. These fuel types can be produced from cooking oil, algae, plants, and even municipal waste.
Unfortunately, the airline industry, which also goes hand in hand with the oil market, is also pumping in research and development into electric aircraft.
- Trading Instrument