According to a report by the Boston Consulting Group (BCG) published on Thursday, the sustainable aviation fuel (SAF) industry is facing challenges in meeting its 2030 targets due to slow production growth. European airlines are expected to achieve 2% SAF use in their jet fuel this year, increasing to 6% by 2030. However, the high cost of SAF, typically three to five times more expensive than traditional jet fuel, has been a barrier. The report reveals that airlines and airports are allocating only 1% to 3% of their revenue or budget to SAF due to high production costs and fuel prices. BCG Managing Director Pelayo Losada expressed concern over the slow progress in adopting SAF, despite efforts to increase its availability. Although the global aviation industry aims for net-zero emissions by 2050, SAF accounted for just 0.3% of global jet fuel production in 2024. The report notes a 1,150% increase in SAF supply globally in the last three years, but new production facility announcements fell by 50% to 70% between 2022 and 2023, largely due to economic uncertainty and rising costs. BCG predicts a shortfall of 30% to 45% in achieving commercial aviation's 2030 targets and emphasizes the need for industry collaboration to address these challenges.