Singapore’s novel green jet fuel levy could trigger production in S-E Asia: Airbus CSO
SINGAPORE’s recently announced green jet fuel levy might sound unambitious to the man on the street, as it aims to support a modest 1 per cent use of sustainable aviation fuel on departing flights from 2026.
Airbus chief sustainability officer Julie Kitcher, however, sees this step as a leap in an arena where countries had been waiting on one another to make moves at the sustainability crossroads.
Sustainable aviation fuel is currently three to five times the cost of ordinary jet fuel, so its early adopters face significant disadvantages.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
ESG
Market-based schemes not reducing deforestation, poverty: report
South-east Asia ESG bonds issuance up 27.4% in Q1 2024 to US$5.1 billion
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
EU, ISSB agree on minimising overlaps in company climate disclosures
Emerging markets have greatest transition needs, offer most investment opportunity