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Singapore Targets 1% SAF Use From 2026
Thursday, March 21, 2024
The Civil Aviation Authority of Singapore (CAAS) has set a target of 1% use of sustainable aviation fuel (SAF) from 2026, according to Oils & Fats International citing Eco-Business report. By 2030, the target would increase to 3-5%.
Although the Singapore’s aviation authority did not specify the volume of SAF it was to procure in 2026, as an estimate based on data from private sector climate group First Movers Coalition, the country’s peak jet fuel consumption in 2019 was 5.3 million tons, and the 1% should amount to 53,000 tons.
Financed through a passenger levy, the initiative could increase the cost of a flight to Bangkok by USD2.20 and to London by USD11.90, the report said. The aim of the levy was to fund a centralized procurement strategy with a view at lowering costs when compared to individual airlines negotiating their own deals. Smaller airlines could benefit from Singapore’s scheme, as without bulk purchase schemes they could find it difficult to enter SAF markets independently, according to independent aviation analyst Brendan Sobie

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