Page 38 - MRO Business Today 15th June 2024 Issue for Website

AGREEMENT

CAAS and IATA Forge Alliance to nized and interoperable. The collabora-
tion with IATA allows CAAS to shape the
Launch Global SAF Registry in development of the SAF registry which
will be a critical enabler for the imple-
mentation of Singapore’s national SAF
Singapore SAF mandatory for outbound Singapore target from 2026.”
A pivotal facilitator for this endeavor
flights from 2026, with a 1% adoption is a universally acknowledged and
target enforced by a corresponding levy. interoperable Sustainable Aviation Fuel
(SAF) accounting and reporting system.
This system must remain agnostic to
feedstock and pathway choices while
adhering to globally recognized sustain-
ability benchmarks, such as the Inter-
national Civil Aviation Organization’s
(ICAO) Carbon Offsetting and Reduc-
tion Scheme for International Aviation
(CORSIA). By integrating such a plat-
form, CAAS can meticulously track the
nature and volume of SAF acquisitions,
generate corresponding SAF credits,
and distribute these credits accordingly.
The allocation would be contingent
upon the levies amassed under the SAF
target for airlines and the voluntary SAF
procurement volumes for businesses
and organizations.
Willie Walsh, Director General of
IATA said, “SAF is a critical element of
aviation’s net zero CO2 emissions by
2050 goal. Ramping up production
of SAF and access to it is essential for
airlines who stand ready to use every
he Civil Aviation Authority of Singa- CAAS, is instrumental in ensuring that drop made available. By authoritatively
Tpore (CAAS) and the International the Registry meets the requirements of accounting and reporting emissions
Air Transport Association (IATA) are civil aviation authorities. reductions Mr Willie Walsh, Director
joining forces to establish a Sustainable As outlined in the Singapore Sustain- General of IATA said, “SAF is a critical
Aviation Fuel (SAF) Registry. This col- able Air Hub Blueprint unveiled by element of aviation’s net zero CO2
laborative effort will result in a compre- CAAS in February 2024, implementing emissions by 2050 goal. Ramping
hensive, global platform designed to Sustainable Aviation Fuel (SAF) will be up production of SAF and access to
meticulously monitor, document, and mandatory for outbound flights from it is essential for airlines who stand
verify emissions reductions derived Singapore starting in 2026. Initially, a ready to use every drop made avail-
from the utilization of SAF. The Registry 1% uplift target for SAF adoption will able. By authoritatively accounting
seeks to accelerate the adoption of SAF be enforced, facilitated by introducing and reporting emissions reductions
by providing authoritative oversight a SAF levy to incentivize compliance from SAF, the Registry will help meet
and transparent reporting of emissions with the target. Another pivotal initia- the critical needs of all stakeholders
reductions resulting from SAF deploy- tive under the Blueprint involves the of the aviation industry, as part of the
ment. centralized procurement of SAF for the global effort to ramp-up SAF produc-
In alignment with the worldwide Singaporean air hub. This strategy aims tion: governments, airlines, OEMs, fuel
initiative to expedite Sustainable Avia- to consolidate SAF demand, encom- producers and corporates. In doing so,
tion Fuel (SAF) adoption, the Registry is passing both the mandated target and the Registry will help scale the global
under development by IATA in collabo- discretionary requests from enterprises SAF market by ensuring that airlines
ration with airlines, governmental bod- and entities aiming to mitigate their air are able to purchase SAF regardless
ies, international organizations, original travel emissions. of where it is produced. The industry
equipment manufacturers (OEMs), fuel Han Kok Juan, Director-General of must work with national authorities
producers and suppliers, airports, and CAAS, said, “CAAS is happy to partner like CAAS to ensure compliance with
corporate travel management entities. with IATA on the development of a SAF the requirements of civil aviation
Governmental involvement, notably registry that is robust, globally recog- authorities ”

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