ECO-SKIES THE GLOBAL RUSH FOR AVIATION BIOFUEL ECO-SKIES THE GLOBAL RUSH FOR AVIATION BIOFUEL Acknowledgments This report was written by the Oakland Institute’s Fellow Lukas Ross with editorial assistance from Anuradha Mittal and Frederic Mousseau. The author is grateful for the help and support provided in the course of this research by Joe Felice, Kate Klimo, Chris Malins, Michal Rosenoer, Robbie Blake, Maija Suomela, Jeff Bigger, Mitch Hawkins, and Robert Martin. The views and conclusions expressed in this publication are those of the Oakland Institute alone and do not reflect opinions of the individuals and organizations that have sponsored and supported the work. Design: amymade graphic design,
[email protected], amymade.com Editors: Frederic Mousseau and Melissa Moore Publisher: The Oakland Institute is a policy think tank dedicated to advancing public participation and fair debate on critical social, economic, and environmental issues. Copyright © 2013 by The Oakland Institute The text may be used free of charge for the purposes of advocacy, campaigning, education, and research, provided that the source is acknowledged in full. The copyright holder requests that all such uses be registered with them for impact assessment purposes. For copying in any other circumstances, reuse in other publications, or translation or adaptation, permission must be secured. Please email
[email protected] The Oakland Institute PO Box 18978 Oakland, CA 94619 USA www.oaklandinstitute.org Overview The aviation industry has high hopes for biofuels. As industry has always struggled to recoup the cost of capital- its profits are increasingly threatened by erratic fossil intensive investments, rising fuel prices have become a fuel prices, and as consumers are more and more major threat to the profitability of the industry and are concerned with the role of aviation in climate change, now a crippling 33% of total expenses.3 Total fuel costs biofuels are being billed as the path to both profitability rose from $44 billion in 2003 to $189 billion in 2008.