20-02-2020 · 漂亮的統計數據

Short-haul flights are the worst offenders for CO₂

Domestic and other short-haul flights are the most carbon-intensive form of travel, figures show.

    作者

  • Roman Boner CFA - Senior Portfolio Manager

    Roman Boner CFA

    Senior Portfolio Manager

What has happened?

Aircraft on routes of 700 kilometers or less emit more carbon dioxide per person for every kilometer traveled than long-haul flights: 251 grams per km for short haul compared to 195 g/km for long haul. That’s due to the fact that take-off and landing uses the most fuel, making level flight over whatever distance relatively cleaner.

By comparison, a diesel car emits 171 g/km of CO2 with one passenger, or an average of 43 g/km for four passengers, according to UK government figures. An urban bus emits 104 g/km and a coach 27 g/km due to its greater weight efficiency. Electrified domestic rail, including shorter suburban services, emits 41 g/km.

The most efficient form of transport is the transnational Eurostar, emitting only 6 g/km per passenger on trips through the Channel Tunnel. It means someone who flies from Amsterdam to London but returns on the Eurostar will be responsible for 20 times more CO2 emissions on the flight there than on the train back.

image.png

Source: BEIS/Defra Greenhouse Gas Conversion Factors 2019

Reducing carbon emissions from all sources to make the world effectively carbon-neutral by 2050 is essential to meet the goals of the Paris Agreement. This seeks to limit global warming to 2 degrees Celsius or less above pre-industrial levels.

The entire transport sector is responsible for about 14.7% of all greenhouse gases emitted. The biggest contributor is not the more CO2-intensive airline industry, responsible for about 1.7% of all CO2 emissions, but road vehicles, accounting for 10.5%.

One problem is that unlike cars, aircraft cannot be battery powered – the batteries needed to get a 200-ton aircraft off the ground would currently weigh three times as much as the plane. However, work has begun in the US in trying to develop a hybrid electric engine for a 186-seater plane, with the first test flight due in 2023.

What does it mean for investors?

“Electrification will transform all modes of mobility, transport and travel,” says Thiemo Lang, portfolio manager of the RobecoSAM Smart Mobility strategy which targets companies operating in this sector. “Though the pace of change varies by vehicle and purpose, the revolution is underway and accelerating.”

“Emissions regulations and improved economics are shaping the market, coupled with increasing urbanization and growing megacities which create demand for the sustainability of all modes of public transportation and the rise in private electric vehicles on our streets.

“For investors, this presents an opportunity to participate in the transformative shift towards zero-carbon mobility. The RobecoSAM Smart Mobility strategy focuses on companies enabling this transformation in all its forms – ground, sea, and sky – including component suppliers, electrical grid and charging suppliers, and data connectivity solutions providers.”

免責聲明

本文由荷宝海外投资基金管理(上海)有限公司(“荷宝上海”)编制, 本文内容仅供参考, 并不构成荷宝上海对任何人的购买或出售任何产品的建议、专业意见、要约、招揽或邀请。本文不应被视为对购买或出售任何投资产品的推荐或采用任何投资策略的建议。本文中的任何内容不得被视为有关法律、税务或投资方面的咨询, 也不表示任何投资或策略适合您的个人情况, 或以其他方式构成对您个人的推荐。 本文中所包含的信息和/或分析系根据荷宝上海所认为的可信渠道而获得的信息准备而成。荷宝上海不就其准确性、正确性、实用性或完整性作出任何陈述, 也不对因使用本文中的信息和/或分析而造成的损失承担任何责任。荷宝上海或其他任何关联机构及其董事、高级管理人员、员工均不对任何人因其依据本文所含信息而造成的任何直接或间接的损失或损害或任何其他后果承担责任或义务。 本文包含一些有关于未来业务、目标、管理纪律或其他方面的前瞻性陈述与预测, 这些陈述含有假设、风险和不确定性, 且是建立在截止到本文编写之日已有的信息之上。基于此, 我们不能保证这些前瞻性情况都会发生, 实际情况可能会与本文中的陈述具有一定的差别。我们不能保证本文中的统计信息在任何特定条件下都是准确、适当和完整的, 亦不能保证这些统计信息以及据以得出这些信息的假设能够反映荷宝上海可能遇到的市场条件或未来表现。本文中的信息是基于当前的市场情况, 这很有可能因随后的市场事件或其他原因而发生变化, 本文内容可能因此未反映最新情况,荷宝上海不负责更新本文, 或对本文中不准确或遗漏之信息进行纠正。