The Impact of New Technologies on the Evolution of a Greener Aviation Industry and the Emerging of a New Urban Air Mobility (UAM)

Paolo Rizzi and Cristiano Rizzi

Chapter 4 in The Impact of COVID-19 on World Aviation Industry:Challenges and Opportunities, 2022, pp 105-158 from World Scientific Publishing Co. Pte. Ltd.

Abstract: COVID-19 severely hit aviation industry and air transport with a reduction of more than 90% of passengers during the peak of the pandemic. In order to return to a normal situation and even favor the development of a greener aviation industry “innovation” is the only path. In fact as the International Civil Aviation Organization (ICAO) has stressed, innovation is essential for the achievement of the ICAO’s environmental goals defined in the Assembly resolution A39-1, and to support the aviation’s contributions to the United Nations Sustainable Development Goals (SDGs). ICAO is closely following Research and Development initiatives that may support these objectives. New innovative technologies and energy sources for aviation are under development at a fast pace, and a significant amount of work by ICAO will be required to keep pace with the timely environmental certification of such new technologies, as appropriate.

Keywords: Impact of COVID-19; Aviation Industry; Aviation Industry Corporation of China (AVIC); Chicago Convention; Coronavirus Aid; Relief; and Economic Security (CARES); Act; Lessors; Leasing Companies; Environmental; Social and Governance ESG; Environmental Product Declaration; Green Aviation; Greener Aviation; Air Mobility; Urban Air Mobility (UAM); General Aviation; Business Aviation; Air Transportation; International Civil Aviation Organization (ICAO); Airport Council International (ACI); International Air Transportation Association (IATA); Cargo; Cargo Services; Business Flying; Aerial Work; Air Navigation Services; Civil Aviation; CORSIA; Sustainable Aviation Fuel (SAF); CO 2 Emissions; Sustainable Development Goals (SDGs); Lower Carbon Aviation Fuels (LCAF); Vertical Take-Off and Landing (VTOL); eVTOL (ElectricVTOL); Vertiport; Electrical Propulsion; Boeing; Airbus; Embraer; Very Ligh Jets; Personal Jet; Light Business Jet; Midsize Business Jet; Large Business Jet; Ultra Large Business Jet; Gulfstream; Bombardier; Dassault; Falcon; Textron Aviation Inc.; Beechcraft; Cessna; King Air; Eviation; Supersonic; Supersonic Renaissance; Aerion; Spike Aerospace; Overture; Virgin Galactic; Green Finance; Sustainable Investment; Green Bonds; Green Mutual Funds; China Civil Aviation Administration (CAAC); Low Altitude; Air Space (search for similar items in EconPapers)
JEL-codes: L93 M16 (search for similar items in EconPapers)
Date: 2022
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