Latest news with #ReFuelEUAviation
Reuters
3 days ago
- Business
- Reuters
EU's 'green' fuel mandate costly and not helping environment, IATA says
SINGAPORE, July 16 (Reuters) - The International Air Transport Association on Wednesday stepped up criticism of the European Union's sustainable aviation fuel mandate as a costly initiative that is not helping the environment as regional supplies there remain low. "The idea that you're buying sustainable fuel and then transporting it to use in Europe isn't the right way to do it, because you're clearly increasing the carbon footprint of that fuel as a result of the transportation costs," IATA's director-general Willie Walsh said at a media roundtable in Singapore. IATA estimated in June that production of SAF, which is considered a low-carbon replacement for traditional jet fuel, is expected to reach 2 million metric tons, or 0.7% of airlines' fuel consumption, in 2025. "Mandating the use of a product that isn't available doesn't lead to any environmental benefit," Walsh said, adding that fuel companies that have an obligation to produce SAF are also increasing the cost of traditional jet fuel. By IATA's assessment, he said "the cost that they're charging is way in excess of the actual cost of the limited supplies of sustainable fuel." "The EU in effect has facilitated monopoly suppliers to increase prices with no environmental benefit," said Walsh, adding that the region needs to re-evaluate its SAF targets. Under the ReFuelEU Aviation requirement, airlines need to have a 6% SAF blend in their jet fuel usage by 2030. The EU is offering some subsidies for SAF purchases by airlines, Reuters reported in June. On the supply front, at least five SAF projects in Asia, outside of China, have started up or are earmarked to start production this year, targeting exports regionally and to Europe. Singapore is among key exporters of the green fuel to the EU. Walsh also questioned the use of palm oil as a means to produce sustainable fuel. "I think that you could argue there is sustainable palm oil and there is palm oil that wouldn't be considered sustainable, and I think in some parts of the world there it's too black and white," Walsh said. We need to have a much more "nuanced approach" to the usage of palm oil as a feedstock and "much more detailed assessment of the sustainability of the feedstock", he added.
The Sun
3 days ago
- Business
- The Sun
EU's green fuel mandate costly with little environmental gain, says IATA
SINGAPORE: The International Air Transport Association on Wednesday stepped up criticism of the European Union's sustainable aviation fuel mandate as a costly initiative that is not helping the environment as regional supplies there remain low. 'The idea that you're buying sustainable fuel and then transporting it to use in Europe isn't the right way to do it, because you're clearly increasing the carbon footprint of that fuel as a result of the transportation costs,' IATA's director-general Willie Walsh said at a media roundtable in Singapore. IATA estimated in June that production of SAF, which is considered a low-carbon replacement for traditional jet fuel, is expected to reach 2 million metric tons, or 0.7% of airlines' fuel consumption, in 2025. 'Mandating the use of a product that isn't available doesn't lead to any environmental benefit,' Walsh said, adding that fuel companies that have an obligation to produce SAF are also increasing the cost of traditional jet fuel. By IATA's assessment, he said 'the cost that they're charging is way in excess of the actual cost of the limited supplies of sustainable fuel.' 'The EU in effect has facilitated monopoly suppliers to increase prices with no environmental benefit,' said Walsh, adding that the region needs to re-evaluate its SAF targets. Under the ReFuelEU Aviation requirement, airlines need to have a 6% SAF blend in their jet fuel usage by 2030. The EU is offering some subsidies for SAF purchases by airlines, Reuters reported in June. On the supply front, at least five SAF projects in Asia, outside of China, have started up or are earmarked to start production this year, targeting exports regionally and to Europe. Singapore is among key exporters of the green fuel to the EU. Walsh also questioned the use of palm oil as a means to produce sustainable fuel. 'I think that you could argue there is sustainable palm oil and there is palm oil that wouldn't be considered sustainable, and I think in some parts of the world there it's too black and white,' Walsh said. We need to have a much more 'nuanced approach' to the usage of palm oil as a feedstock and 'much more detailed assessment of the sustainability of the feedstock', he added. - Reuters
Straits Times
3 days ago
- Business
- Straits Times
EU's green fuel mandate costly, not helping environment: Global aviation body Iata
Iata's director-general Willie Walsh said mandating the use of a product that is not available does not lead to any environmental benefit. SINGAPORE - The International Air Transport Association (Iata) on July 16 stepped up criticism of the European Union's sustainable aviation fuel mandate as a costly initiative that is not helping the environment as regional supplies there remain low. 'The idea that you're buying sustainable fuel and then transporting it to use in Europe isn't the right way to do it, because you're clearly increasing the carbon footprint of that fuel as a result of the transportation costs,' Iata's director-general Willie Walsh said at a media roundtable in Singapore. Iata estimated in June that production of SAF, which is considered a low-carbon replacement for traditional jet fuel, is expected to reach two million tonnes, or 0.7 per cent of airlines' fuel consumption, in 2025. 'Mandating the use of a product that isn't available doesn't lead to any environmental benefit,' Mr Walsh said, adding that fuel companies that have an obligation to produce SAF are also increasing the cost of traditional jet fuel. By Iata's assessment, he said 'the cost that they're charging is way in excess of the actual cost of the limited supplies of sustainable fuel'. 'The EU in effect has facilitated monopoly suppliers to increase prices with no environmental benefit,' said Mr Walsh, adding that the region needs to re-evaluate its SAF targets. Under the ReFuelEU Aviation requirement, airlines need to have a 6 per cent SAF blend in their jet fuel usage by 2030. The EU is offering some subsidies for SAF purchases by airlines, Reuters reported in June. Top stories Swipe. Select. Stay informed. Singapore Acute psychiatry services to be expanded across all healthcare clusters: MOH Singapore July BTO launch to have over 4,600 balance flats, 2 BTO projects with under than 3-year wait Singapore Baby died after mum took abortion pills and gave birth in toilet; coroner records an open verdict Singapore Alleged Toa Payoh cat killer and abuser handed new charge of torturing sixth cat Business Tycoon Robert Kuok's daughter Kuok Hui Kwong appointed CEO of Shangri-La Asia Life S'pore travel agency Beyond Expeditions criticised for planning, safety issues Singapore 'Kpods broke our marriage, shattered our children': Woman on husband's vape addiction Singapore Asia-Pacific will need over 230k new pilots, 250k aircraft maintenance technicians by 2042: ICAO chief On the supply front, at least five SAF projects in Asia, outside of China, have started up or are earmarked to start production in 2025, targeting exports regionally and to Europe. Singapore is among key exporters of the green fuel to the EU. Mr Walsh also questioned the use of palm oil as a means to produce sustainable fuel. 'I think that you could argue there is sustainable palm oil and there is palm oil that wouldn't be considered sustainable, and I think in some parts of the world there it's too black and white,' Mr Walsh said. We need to have a much more 'nuanced approach' to the usage of palm oil as a feedstock and 'much more detailed assessment of the sustainability of the feedstock', he added. REUTERS
Indian Express
3 days ago
- Business
- Indian Express
EU's ‘green' fuel mandate costly and not helping environment, IATA says
The International Air Transport Association on Wednesday stepped up criticism of the European Union's sustainable aviation fuel mandate as a costly initiative that is not helping the environment as regional supplies there remain low. 'The idea that you're buying sustainable fuel and then transporting it to use in Europe isn't the right way to do it, because you're clearly increasing the carbon footprint of that fuel as a result of the transportation costs,' IATA's director-general Willie Walsh said at a media roundtable in Singapore. IATA estimated in June that production of SAF, which is considered a low-carbon replacement for traditional jet fuel, is expected to reach 2 million metric tons, or 0.7% of airlines' fuel consumption, in 2025. 'Mandating the use of a product that isn't available doesn't lead to any environmental benefit,' Walsh said, adding that fuel companies that have an obligation to produce SAF are also increasing the cost of traditional jet fuel. By IATA's assessment, he said 'the cost that they're charging is way in excess of the actual cost of the limited supplies of sustainable fuel.' 'The EU in effect has facilitated monopoly suppliers to increase prices with no environmental benefit,' said Walsh, adding that the region needs to re-evaluate its SAF targets. Under the ReFuelEU Aviation requirement, airlines need to have a 6% SAF blend in their jet fuel usage by 2030. The EU is offering some subsidies for SAF purchases by airlines, Reuters reported in June. On the supply front, at least five SAF projects in Asia, outside of China, have started up or are earmarked to start production this year, targeting exports regionally and to Europe. Singapore is among key exporters of the green fuel to the EU. Walsh also questioned the use of palm oil as a means to produce sustainable fuel. 'I think that you could argue there is sustainable palm oil and there is palm oil that wouldn't be considered sustainable, and I think in some parts of the world there it's too black and white,' Walsh said. We need to have a much more 'nuanced approach' to the usage of palm oil as a feedstock and 'much more detailed assessment of the sustainability of the feedstock', he added.
