In Hong Kong, The Star reported that local airline Cathay Pacific said that more government pressure is needed for Hong Kong’s aviation sector to meet its climate goals, even as uptake of sustainable aviation fuel has risen from a low base thanks to corporate support. “Regulators have a key role to play for a level playing field, so that every [player] is doing the right thing for society,” Grace Cheung, the airline’s general manager of sustainability, told the Asia Securities Industry and Financial Markets Association’s sustainable finance conference last week. “If we leave it to the market, every company will wait for their competitors to make the first move,” the executive said. Policies are needed to grow SAF demand and encourage the development of a supply chain financed through grants, loans and a revenue mechanism, Cheung said. The report added that the airline aims to have SAF make up 10% of its fuel consumption by 2030, compared with 0.03% last year, which Cheung attributed to limited global supply.
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