Sustainable Aviation Buyers Alliance Launches to Accelerate Adoption of Low-Carbon Aviation Fuels

Strategic Insights -

As the global aviation sector continues to grow and contribute to climate change, a new initiative aims to accelerate the transition to low-carbon aviation fuels. The Sustainable Aviation Buyers Alliance (SABA) was launched by RMI and Environmental Defense Fund (EDF) with the support of founding companies Boeing, BCG, Deloitte, JPMorgan Chase, Microsoft, Netflix, and Salesforce. The mission of SABA is to accelerate the path to net zero aviation by driving investment in high-quality sustainable aviation fuel (SAF), catalyzing new SAF production, and technological innovation, and supporting member engagement in policy-making.

Key Takeaways:

  • SABA will establish a rigorous, transparent SAF certificate system, enabling air transport customers to invest in high-quality SAF and meet their ambitious climate goals.
  • The initiative aims to accelerate the adoption of low-carbon aviation fuels, with the goal of reaching double pre-pandemic jet fuel demand levels by 2050.
  • SABA will work with sustainability certification schemes, such as the International Air Transport Association (IATA) and the World Economic Forum's Clean Skies for Tomorrow coalition, to develop a SAF certificate registry system.
  • The initiative expects to announce additional founding companies soon and will open for broad membership at the COP26 climate conference in November 2021.
  • SABA will address emerging SAF technologies, work with like-minded organizations, and help members navigate the technical aspects of SAF and the SAF market, aviation emissions accounting, and the SAF policy landscape.
  • The initiative has received support from companies such as Boeing, BCG, Deloitte, JPMorgan Chase, Microsoft, Netflix, and Salesforce, which have set ambitious climate goals and are committed to reducing their carbon footprint.

Statistics:

  • The demand for jet fuel is expected to reach double pre-pandemic levels by 2050, according to the U.S. Department of Energy.
  • Companies such as Boeing, BCG, Deloitte, JPMorgan Chase, Microsoft, Netflix, and Salesforce have set ambitious climate goals and are committed to reducing their carbon footprint.
  • SABA expects to announce additional founding companies soon and will open for broad membership at the COP26 climate conference in November 2021.
  • The initiative will establish a rigorous, transparent SAF certificate system, enabling air transport customers to invest in high-quality SAF and meet their ambitious climate goals.

Sources:

  • Environmental Defense Fund (EDF): https://business.edf.org/
  • RMI: https://rmi.org/
  • Boeing: https://boeing.com/
  • BCG: https://bcg.com/
  • Deloitte: https://deloitte.com/
  • JPMorgan Chase: https://jpmorganchase.com/
  • Microsoft: https://microsoft.com/
  • Netflix: https://netflix.com/
  • Salesforce: https://salesforce.com/