Paris Air Show awakes to a new sustainable world, revenge travel

Photo of Trey Thoelcke
By Trey Thoelcke Updated Published
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Paris Air Show awakes to a new sustainable world, revenge travel

© Boeing746 / iStock via Getty Images

— The Paris Air Show wakes up from a four-year Covid slumber with a boom, but emissions problems hang over the festivities
— Scientists at MIT may have cracked the problem of electric flight on larger planes
— A plan to replace years of drilling on public lands with renewable solar and wind plants is taking shape
— The problem with floating cities
— Where the trouble spots are: Mapping human impact on the environment since just 1993

The last time the Paris Air Show was held, the world hadn’t heard of Covid and sustainable aviation fuel was as popular as a reheated deli sandwich in coach. What a difference four years makes.

The air show outside France’s capital opened this week with the largest order ever — 500 planes by Indian airline IndiGo from Airbus — and a raft of plans for new technologies to reduce the industry’s carbon footprint. Aviation only makes up about 3% of global emissions but bears the brunt of abuse from climate activists for its high-profile, jet-setting business clientele, including celebrities on their private planes.

This year’s show started with a $2.2 billion commitment from French President Emmanuel Macron to fund low-carbon fuel ventures, such as biofuel and hydrogen, and by announcements of new business to two clean energy startups planning manufacturing hubs in Washington state. And over at MIT, scientists think they’ve cracked the problem of electric batteries on larger aircraft (See insight below).

Beneath the headlines and the net zero pledges, though, the aviation industry remains behind the curve in its transition to a renewable economy. That’s partly because it’s more complicated than autos or shipping, but also because it’s been fighting more challenges recently, as Covid ravaged business travel.

Boeing $BA shares are up 60% in the past year and hopes are high in Paris this week, with expectations that the next 20 years will bring as many as 42,000 new aircraft online. But an industry-wide strategy to combine that growth with a reduction in carbon emissions and changing travel patterns has yet to get off the ground. . . .

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Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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