The UK government has an opportunity to unlock billions in investment and thousands of jobs by accelerating Sustainable Aviation Fuel (SAF), according to the latest PA Consulting research.
The study from the global innovation and transformation consultancy revealed the important role government can play in unlocking the full potential of Sustainable Aviation Fuel (SAF).
With many SAF projects stalling at pilot stage, there is a generational opportunity for the UK to lead in more sustainable aviation fuels, create thousands of future-proof jobs, and attract over £10billion in investment by 2030.
PA Consulting’s latest global report, Cacophony to Symphony: Successfully scaling sustainable aviation fuel, draws on insights from nearly 600 senior leaders across airlines, airports, investors, producers, regulators and policymakers.
It found that SAF is seen as “more than just sustainability goals” with 77% saying it could assist with job creating and 57% stating it is critical to energy security.
Almost all of the leaders (96%) said SAF was “essential” to aviation decarbonisation. But only 34% said they believed widespread adoption was possible by 2030.
In addition, 52% said airports didn’t have a SAF strategy, and almost half (45%) don’t have a net zero roadmap.
Kata Cserep, Global Aviation Lead at PA Consulting, said:
“The UK has a huge opportunity at its fingertips to become a leader in sustainable aviation fuels. While the introduction of a Revenue Certainty Mechanism is a welcome move, it needs to be rolled out as soon as possible and ideally be paired with other policy measures which organisations included in the SAF ecosystem have said they are looking for.
|Just as governments once mobilised to accelerate investment in wind and solar in the early 2000s, and more recently electric vehicles, it’s time to bring that same focus and ambition to SAF – with industry playing its part in making it a reality.”
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