Formula 1: Race for Sustainable Air Transport

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dc.contributor.authorGrenon, Sarah
dc.date.accessioned2022-09-09T20:10:53Z
dc.date.available2022-09-09T20:10:53Z
dc.date.issued2022-08
dc.description.abstractThis study assesses net zero CO2e technologies for air transport to determine which is the most cost-effective for use by Formula 1 by 2030. I examine four potential net zero technologies: voluntary carbon offsetting (VCO), sustainable aviation fuels (SAFs), electric aircraft, and hydrogen-powered aircraft. My analysis presents the feasibility, availability, economic risk, approval, and net zero potential of each technology and is based on a survey of academic, government, and industry literature. I found that VCOs and SAFs are technologically feasible and sufficiently available while electric aircraft and hydrogen-powered aircraft are not. The economic analysis reveals that purchasing VCOs is the most cost-effective option to reach net zero. However, Formula 1 has decided to employ SAFs instead of VCOs despite the higher costs, this is likely due to the value of the positive reputation gained from the use of SAFs relative to of VCOs.
dc.identifier.citationGrenon, S. (2022). Formula 1: Race for Sustainable Air Transport (Unpublished master's project). University of Calgary, Calgary, AB.
dc.identifier.urihttp://hdl.handle.net/1880/115181
dc.identifier.urihttps://dx.doi.org/10.11575/PRISM/40203
dc.language.isoeng
dc.publisher.departmentSustainable Energy Development
dc.publisher.facultyGraduate Studies Haskayne School of Business
dc.publisher.facultySchulich School of Engineering
dc.publisher.facultyFaculty of Law
dc.publisher.facultyFaculty of Environmental Design
dc.rightsUniversity of Calgary graduate students retain copyright ownership and moral rights for their thesis. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission.
dc.titleFormula 1: Race for Sustainable Air Transport
dc.typereport
thesis.degree.grantorUniversity of Calgary
thesis.degree.nameMaster of Science (MSc)
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