Search Site

Trends banner

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Up to $1.7 trillion investment needed for green aviation goals

ADQ invests on behalf of the emirate in energy, healthcare and other sectors.
  • Carbon-free propulsion options, such as battery and hydrogen-powered aircraft, are some of the options the aviation industry is pursuing.
  • Airports, airlines and others will need to make heavy infrastructure investment to deliver the green hydrogen and electricity the aircraft will need.

Geneva, Switzerland – Hydrogen and electric aircraft could require 600-1,700 terawatt-hours (TWh) of clean energy by 2050, according to the World Economic Forum (WEF).

Meanwhile, the total amount of renewable energy produced in 2021 was just over 8,000 TWh globally.

To meet the estimated energy demand from hydrogen and electric aircraft in 2050 would require the amount of energy produced from 10-25 of the world’s largest wind farms, or a solar farm half the size of Belgium, WEF says.

Alternative, carbon-free propulsion options, such as battery and hydrogen-powered aircraft, are some of the options the aviation industry is pursuing to reach its net-zero carbon goals.

By some estimates, hydrogen and electric planes could account for 21%-38% of flights by 2050.

“The aviation sector must make key investments in its infrastructure now if it wants to reach its net-zero target by 2050,” said David Hyde, Aerospace Projects Lead, World Economic Forum.

“Given that the share of aviation’s global warming impact is set to rise significantly if action is not taken, the sector must consider all the options available for decarbonization. This includes preparing to use aircraft that are powered by carbon-free fuels at scale.”

While the timeline may feel distant, the first commercial flights by such aircraft are expected to take place this decade.

Airports, airlines and others will need to make heavy infrastructure investment to deliver the green hydrogen and electricity the aircraft will need.

The white paper, Target True Zero: Delivering the infrastructure for battery- and hydrogen-powered flight, developed in collaboration with McKinsey, explores what these infrastructure changes entail and how airports and other stakeholders can begin to prepare for them.

In terms of investment, this research finds that shifting to alternative propulsion will require a capital investment of between $700 billion and $1.7 trillion across the value chain by 2050.

“Ground infrastructure will be an important unlock for battery-electric and hydrogen aircraft as they become available in the next decade as an additional option to make aviation sustainable,” said Robin Riedel, Partner and Co-Leader, McKinsey Center for Future Mobility.

“It is important that stakeholders across the value chain, from governments to airports to electricity and hydrogen players to airlines begin planning and investing in it.”