In the UK, the UK Government published a consultation setting out how it intends to support the green fuels sector and provide certainty for SAF producers.
The consultation will run from March 3 to March 31, with the Sustainable Aviation Fuel (Revenue Support Mechanism) Bill being laid in Parliament in the spring.
The government noted that the proposals will tackle the current uncertainty in the sector by introducing an industry funded price guarantee – known as the revenue certainty mechanism (RCM) – to ensure a steady income flow for producers, even if the price of SAF fluctuates, helping to keep down costs for airlines and holidaymakers.
The proposals will help to reduce risk, give investors the confidence they need to invest in UK SAF plants and help the sector secure the supply it needs to bolster the SAF industry in the UK. The mechanism is also designed to limit costs and protect holidaymakers and working people against significant cost increases, with any rises expected to be in line with the usual variation of ticket prices, the government said.
Aviation Minister, Mike Kane, said: “We are committed to building the technology and fuel supply that will see greener flying become a reality in a way that protects consumers. As part of our Plan for Change, these proposals will power up SAF production in the UK, support thousands of green jobs and bolster expansion plans.”
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