Sustainable aviation fuel (SAF)
The aviation industry is accountable for 2.5% of global CO2 emissions. The sector needs to decarbonise to meet Paris Agreement goals and minimise the worst impacts of climate change. While efficiency measures, zero emission technologies (hydrogen and electric) and carbon removals will play a key part, Sustainable Aviation Fuel (SAF) has the greatest potential to reduce aviation emissions over the medium term.
Countries around the world have set net zero aviation targets by 2050, including the UK, US and EU member states. The UK will soon require airlines to use 10% SAF by 2030 and c. 75% by 2050 – which will provide a clear demand signal for the market.
UK SAF plant developers find it difficult to access finance due to the associated price, technology, and feedstock risks. The GFI has been working to address these key risks, working at the nexus of industry, finance and government, to develop solutions that can crowd in private capital and so seed the UK SAF production industry.
