Albany, NY -- (SBWIRE) -- 11/17/2014 -- According to Intergovernmental Panel on Climate Change, airline industry liberates approximately 2% of global anthropogenic CO2 emissions. The aviation industry has invested significant amounts in improving their engine designs and fuel efficiency. Yet despite of these improvements in mechanism, emissions are still growing in the aviation industry. The aviation fuel accounts for a major share of the operating costs for an airline company. Fluctuations in the crude oil prices impact the profit margins of this industry. Renewable aviation fuel is an innovative solution to reduce carbon emissions and reduce the dependency on unstable crude oil prices. The aviation fuel industry is intensively investing large amounts for the large scale commercialization of alternative fuels. The commercial production of renewable aviation fuel would assist airline companies in diversifying their fuel sources and develop new hedging strategies. The market for renewable aviation fuel is anticipated to grow at a substantial rate after the commercial production of this alternative fuel starts in the coming few years.