In a couple of decades’ time, despite climate change, there is likely to be more flying than there is now. On current trends, while the global economy is predicted to grow by 3.3% between 2010 and 2030, the number of aviation passengers looks set to grow by 4.2%. What will change, however, is who flies – and how.
New patterns of trade and migration between the powerful nations of China, India and Brazil will create many more routes and generate hundreds of millions of new outbound tourists. As these countries develop stronger business ties, they will see face-to-face contact as crucial.
The combination of rising oil prices and carbon costs means that the conversion to low-carbon transport is no longer an environmental issue: it’s an economic imperative. And there are likely to be multiple responses to these pressures.
Airline margins will be tighter than ever, and we may well see mass industry consolidation. European and North American operators could be subsumed in mega-alliances controlled by the major Chinese and Indian airlines.
Flying will have to become much more efficient. Advances in technology – including algae and jatropha biofuels – will be crucial. Gains will also be made by new navigation systems designed to eliminate inefficiencies in air traffic control.
06/10/11 Peter Madden/OilPrice
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Friday, October 07, 2011
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The Future of Air Travel and its Affect on the Environment
Friday, October 07, 2011
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