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February 29, 2024
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G7 leaders urged to support SAF

The importance of Sustainable Aviation Fuel (SAF) to decarbonisation of the aviation sector has been raised during a meeting of the Prince of Wales’ Sustainable Markets Initiative (SMI).
As part of the UK-hosted G7 Summit, world leaders were challenged to collectively commit to mandates for the use of SAF.

During discussions on the need for coordinated action to tackle climate change, SMI member Heathrow Airport said that aviation was a force for good, connecting people, cultures and enabling trade, but reducing carbon was essential to protecting those benefits in a net zero world.

It was proposed that the G7 should commit to at least a 10% use of SAF by 2030, supported by price incentives.

Heathrow CEO John Holland-Kaye told the meeting: “We all agree that stopping climate change is the biggest challenge facing our planet.

“The G7 has already shown leadership by agreeing a global minimum corporate tax, and if we can tap into that collective spirit to collectively commit to a mandate for at least 10% use of sustainable aviation fuel by 2030 and the right price incentives to use it, we will ensure our children can have the benefits of flying without the carbon cost.”

Velocys fully supports the use of appropriate policy measures to drive the incentivisation of both SAF production and usage, and believes our technology solution will play an essential role in driving forward aviation’s move to net zero.Source

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