Sustainable aviation finance: Integration of environmental impact mitigation and green investment strategies

IF 4.1 2区工程技术 Q2 BUSINESS

Research in Transportation Business and Management Pub Date : 2025-05-22 DOI:10.1016/j.rtbm.2025.101410

Bhavesh Kumar , Jaten Kumar , Arjmand Qayyum Amjad , Love Kumar , Claudio Sassanelli

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引用次数: 0

Abstract

The aviation sector is under increasing pressure to reduce its environmental impact and meet ambitious net-zero emissions targets by 2050. However, airlines have difficulties attaining conventional green finance due to the sector's uncertain path to decarbonization. Through a systematic literature review, this research aims to find how green financing mechanisms can address the challenges and uncertainties of the aviation sector decarbonization path and develop a bridge in how green financing can help the aviation industry transition to sustainability, with a focus on financial instruments such as green bonds, sustainability-linked loans, and carbon offset programs. Results indicate that airports have effectively used green bonds for sustainable infrastructure initiatives. Innovative financial instruments are popular, providing airlines with incentives to meet specified environmental, social, and governance criteria. Furthermore, the significance of sustainable aviation fuel (SAF) in the decarbonization initiatives of the industry, with green finance existence, is crucial for funding SAF infrastructure and technological advancement.

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可持续航空融资：将减轻环境影响和绿色投资战略相结合

航空业面临着越来越大的压力，需要减少对环境的影响，并在2050年前实现雄心勃勃的净零排放目标。然而，由于该行业的脱碳路径不确定，航空公司难以获得传统的绿色融资。通过系统的文献综述，本研究旨在发现绿色融资机制如何解决航空业脱碳道路上的挑战和不确定性，并为绿色融资如何帮助航空业向可持续发展过渡搭建桥梁，重点关注绿色债券、可持续相关贷款和碳抵消计划等金融工具。结果表明，机场已有效地将绿色债券用于可持续基础设施倡议。创新的金融工具很受欢迎，为航空公司提供激励，以满足特定的环境、社会和治理标准。此外，可持续航空燃料（SAF）在行业脱碳倡议中的重要性，以及绿色金融的存在，对于为SAF基础设施和技术进步提供资金至关重要。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Research in Transportation Business and Management Multiple-

CiteScore

7.10

自引率

8.30%

发文量

175

期刊介绍： Research in Transportation Business & Management (RTBM) will publish research on international aspects of transport management such as business strategy, communication, sustainability, finance, human resource management, law, logistics, marketing, franchising, privatisation and commercialisation. Research in Transportation Business & Management welcomes proposals for themed volumes from scholars in management, in relation to all modes of transport. Issues should be cross-disciplinary for one mode or single-disciplinary for all modes. We are keen to receive proposals that combine and integrate theories and concepts that are taken from or can be traced to origins in different disciplines or lessons learned from different modes and approaches to the topic. By facilitating the development of interdisciplinary or intermodal concepts, theories and ideas, and by synthesizing these for the journal''s audience, we seek to contribute to both scholarly advancement of knowledge and the state of managerial practice. Potential volume themes include: -Sustainability and Transportation Management- Transport Management and the Reduction of Transport''s Carbon Footprint- Marketing Transport/Branding Transportation- Benchmarking, Performance Measurement and Best Practices in Transport Operations- Franchising, Concessions and Alternate Governance Mechanisms for Transport Organisations- Logistics and the Integration of Transportation into Freight Supply Chains- Risk Management (or Asset Management or Transportation Finance or ...): Lessons from Multiple Modes- Engaging the Stakeholder in Transportation Governance- Reliability in the Freight Sector