Subsidies for going green in aviation
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E-mail Shanghai Daily, August 22, 2012
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China will channel part of the Civil Aviation Development Fund to support energy-saving campaigns of domestic airlines and plane manufacturers. [Photo/Xinhua] |
China will channel part of the Civil Aviation Development Fund to support energy-saving campaigns of domestic airlines and plane manufacturers.
The funds in the CADF, or the former airport construction fee, will be used for energy-saving innovative technologies and developing bio-fuel, the Civil Aviation Administration of China, the regulator, said yesterday.
The companies will be granted subsidies ranging from 30 percent of the total investment for emission reduction efforts to as high as 60 percent.
Passengers will be charged 50 yuan (US$7.93) each for domestic routes and those departing the country on international routes will pay 90 yuan. The government is expected to collect 15.4 billion yuan in CDAF this year.
To show their support, the Commercial Aircraft Corp of China and US-based Boeing announced an investment of 2.5 billion yuan to refine used-cooking oil into aviation biofuel.
They have jointly launched an aviation energy conservation and emissions reduction technology center in Beijing, whose first research project will focus on refining leftover cooking oil, often called "gutter oil," into aviation biofuel.
China may use 12 million tons of aviation biofuel by 2020, or 30 percent of the country's total consumption of jet fuel, according to said Li Jian, deputy director of the CAAC.
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