12. RESPONSIBLE CONSUMPTION AND PRODUCTION

Why JPMorgan, Deloitte, Meta & More Support Record SAF Deal

Written by Amanda

Getting the airlines involved

SABA members are working with airline partners including Alaska Air, JetBlue and Southwest, securing certificates through SAF solutions provider SkyNRG and buying directly from fuel providers, including multi-year agreements with World Energy.

Fuel types include power-to-liquids, or e-fuels, produced by Twelve, offered in partnership with Alaska. This fuel is made from renewable electricity and CO2, with low greenhouse gas impacts, and high potential for scalability.

“Creating an ecosystem that equips companies from all economic sectors to access more SAF is part of our mission,” said Adam Klauber, Vice President of Sustainability and Digital Supply Chain at World Energy.

The SAFc Registry 

SABA co-founders RMI and EDF developed the digital SAFc Registry, which is being used as the central platform to record the SAF certificates purchased through this RFP.

SABA said: “It creates an auditable ledger to ensure that purchased SAF certificates realise their intended environmental impact and can be claimed toward emissions reduction goals.”

Bryan Fisher, Managing Director at the clean energy nonprofit RMI, said: “The SAFc Registry plays a critical role in the SAF ecosystem by bringing greater consistency and transparency to SAFc transactions, building trust along the SAF value chain and helping send a strong demand signal for the low-carbon fuels needed to decarbonize the aviation sector.”

Kim Carnahan, Head of SABA’s Secretariat and CEO of Neoteric Energy and Climate, said: “The only way to drive structural change in hard-to-abate sectors like aviation is to shake up existing business models.

“The recent announcement from the Science Based Targets initiative opening the door to the use of market-based approaches to address Scope 3 emissions only elevates the importance of SABA’s book and claim system as an innovative and environmentally robust avenue for customers to drive aviation decarbonization.”

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Source: sustainabilitymag.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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