In Canada, the International Civil Aviation Organization (ICAO) and International Renewable Energy Agency (IRENA) have announced a partnership to accelerate financing for sustainable aviation fuels.
ICAO noted that the launch of the Finvest@ETAF portal by ICAO and IRENA, marks a significant advancement in aviation’s journey toward net zero carbon emissions. The portal will support ICAO’s Finvest Hub, which is addressing the most critical pathway for the decarbonization of air transport by facilitating investment in Sustainable Aviation Fuels (SAF) and low-carbon aviation projects.
ICAO will cooperate with several financing platforms to operationalize the Finvest Hub, with IRENA being the first.
“This launch marks a significant milestone in aviation’s net zero carbon emission journey with the establishment of our Finvest hub,” said ICAO Secretary General Juan Carlos Salazar. “Our agreement with IRENA focuses on a partnership arrangement to facilitate financial resources through the ICAO Finvest@ETAF portal, for scaling up SAF and other cleaner energy solutions.”
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