Market

German government, aviation sector agree on ‘green’ aviation fuel plan By Reuters

© Reuters. FILE PHOTO: A general view of planes at the new Berlin-Brandenburg Airport ‘Willy Brandt’ in Schoenefeld near Berlin, Germany October 29, 2020. REUTERS/Hannibal Hanschke

BERLIN (Reuters) – German Chancellor Angela Merkel’s government has agreed with the aviation industry and regional authorities on a roadmap for the development and use of “green” aviation fuel, a government paper seen by Reuters on Thursday showed.

The aim is to ensure at least 200,000 tonnes of the synthetic fuel is used per year from 2030, equivalent to about one third of the current fuel requirements of air traffic within Germany.

The idea is to produce synthetic “Power to Liquid” (PtL), whereby kerosene is generated using renewable energies, hydrogen and CO2.

The transport and environment ministries will work on ways to ramp up fuel production on an industrial scale.

A binding minimum quota on the fuel and a purchase obligation are designed to guarantee that demand is created despite higher costs.

The plan is due to be signed on Friday by government and industry representatives and fuel manufacturers.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Most Related Links :
usnewsmail Governmental News Finance News

Source link

Back to top button