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Bloomberg
Singapore Airlines Ltd will start selling sustainable aviation fuel credits in July, a move that will help travelers mitigate carbon footprints as businesses and governments work to reach net zero emissions by 2050.
The city-state’s flag carrier plans to sell 1,000 SAF credits to travelers and freight forwarders, it said in a joint statement with the Civil Aviation Authority of Singapore and Temasek Holdings Pte.
The credits are generated from 1,000 tons of the cleaner fuel delivered to Changi Airport, and each credit purchased will help reduce 2.5 tons of carbon dioxide emissions, according to the statement.
Airlines and governments are looking to SAF as a way to cut emissions, as more-advanced technology like battery-powered aircraft capable of flying long distances is still only in research stages.
However, the fuel — derived from everything from waste oils and fats to sugar crops and trees — is in short supply and accounts for less than 0.1% of global aviation fuel demand.
Singapore announced in November a yearlong pilot programme to use a blend of SAF on flights operated by Singapore Airlines and its budget arm Scoot from Changi Airport in the third quarter. While the fuel should help the airline reduce emissions, limited availability poses a challenge to cutting jet-fuel consumption.
“We can now offer more opportunities for our corporate customers and travellers to mitigate their carbon emissions using SAF credits,†Lee Wen Fen, senior vice president of corporate planning at the airline, said in the statement.