Thursday, February 8, 2024
Responding to the EU Net-Zero Industry Act’s recognition of Sustainable Aviation Fuels (SAF) as a key technology for achieving carbon neutrality, the five prominent European aviation organizations representing airlines, airports, the civil aeronautics sector, and air navigation services – united under the DESTINATION 2050 coalition – are urging EU policymakers to enhance efforts to position Europe at the forefront of the SAF industry. This is deemed essential for the European aviation sector to meet the net-zero emissions goal by 2050, aligning with the EU’s climate objectives.
The acknowledgment of SAF in the Net-Zero Industry Act comes at a crucial time, especially after the EU’s recent proposal to revise its 2040 climate objectives. The European Commission’s proposal to set new targets highlighted the importance of overcoming challenges to large-scale SAF deployment, prioritizing the aviation industry’s access to raw materials and introducing measures to reduce the cost disparity between SAF and traditional jet fuel. SAFs play a pivotal role in enabling the European aviation industry to hasten its decarbonization efforts, perfectly aligning with the EU’s rigorous climate goals.
As the global competition to dominate the SAF market intensifies, it’s clear that Europe needs additional policy measures to boost SAF production and adoption if it wants to secure a leading position. Suggestions include extending the SAF flexibility mechanism beyond 2034, increasing the current 20 million allowances cap and the 2030 deadline under the SAF allowance mechanisms, enhancing financial backing for SAF development through initiatives like the Innovation Fund, and streamlining the process for accessing these financial resources.
Sunday, April 28, 2024
Sunday, April 28, 2024
Monday, April 29, 2024
