Unlocking the Potential of SAF with Book and Claim in Air Freight
In a move to reduce air freight emissions, companies are turning to sustainable aviation fuel (SAF) as a viable solution. A recent webcast highlighted the importance of book and claim, a model that allows companies to financially support the use of SAF even when it is not physically available at their locations.
According to Raman Ojha, President of Shell Aviation, "The urgency for reducing air freight emissions cannot be overstated. SAF has the potential to reduce life cycle GHG emissions by up to 80% compared to conventional jet fuel." Ojha emphasized that book and claim offers companies a way to support their emissions reduction strategies.
Book and claim is a model where companies can purchase SAF credits, which are then used to offset their own emissions. This allows companies to financially support the use of SAF even when it is not physically available at their locations. "It's a game-changer for companies that want to reduce their carbon footprint," said Ojha.
The importance of SAF in reducing air freight emissions cannot be overstated. Air freight accounts for around 3% of global greenhouse gas emissions, and with the increasing demand for air transportation, this number is expected to rise. SAF offers a solution to this problem by providing a cleaner alternative to conventional jet fuel.
In addition to book and claim, companies can also utilize other models such as power-to-liquid (PtL) or electro-fuels. These models involve converting electricity into synthetic fuels that can be used in aircraft engines. "These new technologies have the potential to revolutionize the aviation industry," said Ojha.
The webcast featured leaders from the aviation industry discussing the importance of reducing air freight emissions and how companies can make use of book and claim to support their emissions reduction strategies. The event highlighted the need for collaboration between governments, industries, and consumers to reduce emissions.
In conclusion, book and claim offers companies a way to financially support the use of SAF even when it is not physically available at their locations. With the increasing demand for air transportation and the urgent need to reduce emissions, SAF and book and claim are crucial components in reducing air freight emissions.
Background:
The aviation industry has been under pressure to reduce its carbon footprint due to growing concerns about climate change. In 2020, the International Air Transport Association (IATA) set a goal to achieve net-zero carbon emissions by 2050. SAF is seen as a key component in achieving this goal.
Additional Perspectives:
Experts say that book and claim can be used in conjunction with other models such as PtL or electro-fuels to reduce emissions even further. "The combination of these technologies has the potential to significantly reduce air freight emissions," said Ojha.
Current Status and Next Developments:
The use of SAF is expected to increase in the coming years, driven by government regulations and industry initiatives. The European Union has set a target of using 1% of SAF by 2025, while the US Federal Aviation Administration (FAA) has proposed rules to encourage the use of SAF.
As companies continue to look for ways to reduce their carbon footprint, book and claim is becoming an increasingly popular solution. With the increasing demand for air transportation and the urgent need to reduce emissions, SAF and book and claim are crucial components in reducing air freight emissions.
*Reporting by Technologyreview.*
