European Aviation Industry Calls for Urgent Policy Support to Accelerate Sustainable Aviation Fuel Deployment
Key Ideas
- European aviation industry representatives are urging for accelerated policy support to boost sustainable aviation fuel deployment, critical for achieving net zero CO2 emissions by 2050.
- The industry advocates a 10-point action plan focusing on regulatory and financial measures to incentivize innovation and bridge cost gaps in sustainable aviation fuel technologies.
- Key proposals include extending EU ETS mechanisms, increasing funding for advanced bio-SAF and e-SAF projects, and creating regulatory certainty instruments to support SAF production competitiveness.
- Collaboration between policymakers and industry is emphasized to ensure the timely and robust ramp-up of sustainable aviation fuels in Europe, as part of a broader strategy for a sustainable European aviation industry.
European aviation and fuel industry representatives have issued an “urgent call” for accelerated policy support for sustainable aviation fuel deployment across the EU. The industry highlights the need to address the challenges hindering the scale-up of sustainable aviation fuels (SAF) production, including the substantial price gap compared to conventional kerosene. Next-generation SAF pathways like e-SAF and advanced biofuels are facing barriers in accessing investment and reaching final investment decisions.
The industry partners have presented a 10-point action plan aimed at overcoming early-mover disadvantages and catalyzing the scale-up of SAF production. The plan focuses on regulatory and financial measures to de-risk investments, bridge cost gaps, and incentivize innovation in fuel technologies crucial for decarbonizing air transport. They stress the importance of accelerating the availability and affordability of SAF to achieve the EU and aviation industry's goal of net zero CO2 emissions by 2050.
The plan proposes various measures such as extending EU ETS mechanisms, increasing funding for advanced bio-SAF and e-SAF projects, tailoring financial products to suit the needs of SAF projects, and creating regulatory certainty instruments. The industry emphasizes the need for collaboration between policymakers and industry stakeholders to ensure a timely and robust ramp-up of SAF in Europe, part of a broader strategy for a sustainable European aviation industry.
The call for action for sustainable aviation fuels is seen as a critical part of the journey towards net zero emissions by 2050. Industry stakeholders stress the importance of policy actions to make SAF widely available, reduce cost barriers, ensure price transparency, and introduce effective monitoring mechanisms to promote widespread adoption and investment in sustainable aviation fuels.
Topics
Europe
Innovation
Aviation Industry
Investment
Decarbonisation
European Union
Sustainable Fuel
Policy Support
Regulatory Measures
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