New batch of credit sales finances $200 million in aviation sector decarbonisation
SABA Secures $200 Million in SAF Credits, Expanding the Market for Decarbonising Aviation
Concise Summary
A coalition of companies has collectively purchased $200 million in sustainable aviation fuel certificates (SAFCs), signalling a surge in demand for decarbonized flights.
This landmark deal will enable the production of 50 million gallons of SAF, with expected emissions reductions of 500,000 metric tons of CO2e.
Key players like SABA, major corporations, fuel providers, airlines, and the SAFc registry are collaborating to drive innovation and scale in the SAF sector.
Despite this progress, SAF availability remains limited, underscoring the need for further investment and policy support to match growing demand.
Detailed Read
Historic Agreements Support SAF Market Growth
The Sustainable Aviation Buyers Alliance (SABA) has announced a record-breaking collection of deals to purchase high-integrity SAF certificates, representing an investment of nearly $200 million. Participating companies, including Meta, Deloitte, BCG, JPMorgan Chase, and many others, are committed to decarbonizing corporate travel.
Key Takeaways:
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