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The global aviation industry lobby, International Air Transport Association, has urged the governments for approving more tax sops so that more investment can be made in fuel-efficient aircraft.
"We ask governments for a global approach towards aviation," IATA director general and chief executive Giovanni Bisignani said.
"We could easily lose over $10 billion (Rs.45,000 crore) if the governments and European Union tax more. This will rob us of the ability to invest in new fuel efficient aircraft," Bisignani added.
2% of the carbon emissions of the world is triggered by aircrafts.
Bisignani, while addressing the ‘Special Dialogue on Aviation and Climate Change’ conference which was organized by The Energy and Resource Institute along with IATA, mentioned that the Copenhagen talks should take steps for rendering help to the aviation sector so that the carbon emissions can be reduced.
"If not, we face the risk of uncoordinated competitive government taxation that won't reduce emissions but will be harmful to global economic development," the IATA chief said.
The technology, infrastructure and sustainable biofuels threw cna help a great deal to cut down carbon emissions.
"Of these, sustainable biofuels are the most exciting because for the first time, air transport has the possibility of an alternative fuel to traditional jet fuel," Bisignani said.
Citing that four test flights containing sustainable biofuels are adhering to the technical and safety standards required for commercial purposes, he also mentioned that "Biofuels can be blended with jet fuel and used in aircraft and engines”.
He has laos expressed his hope in bringing down the emission levels by 20% in 2002 and by 50% in 2050. "It is feasible. It is possible," he said.
"Progress is happening at a much faster pace than anybody anticipated. Three years ago, sustainable biofuel was a dream. Now we expect certification no later than 2011."
