UK Government to introduce a revenue certainty scheme to support SAF production
In the UK, the UK Department for Transport (DfT) has committed to introducing a revenue certainty mechanism to support sustainable aviation fuel production in the UK and boost its uptake, giving producers greater assurance about earnings from the SAF they produce.
This scheme, along with the introduction of a SAF mandate in 2025, will provide fuel security, grow the economy and help to create over 10,000 jobs by 2030, rising to 60,000 by 2050, the UK government said.
To do this, DfT will launch a consultation on the design and delivery of the scheme to bolster the development of SAF and drive further investment. The revenue certainty scheme, which is intended to be funded by industry, will give the aviation sector the launchpad to confidently invest in SAF and transition away from fossil fuel reliance, DfT said.
“Not only will sustainable aviation fuel bring countless economic opportunities, including creating thousands of green jobs, this certainty will allow the industry to harness its full potential, bringing us closer to net zero flying,” said Aviation and Maritime Minister Baroness Vere.
“This commitment is an important step to create cleaner and greener aviation in the UK and will cement our position as a global leader in innovation, creating a new talented workforce that champions decarbonization and pave the way for future air travel,” Vere added.
