The Civil Aviation Authority of Singapore (CAAS), Singapore Airlines (SIA), and Temasek will launch in July the sale of Sustainable Aviation Fuel (SAF) credits as part of a pilot announced in November 2021 to advance the use of SAF in Singapore.
A total of 1,000 SAF credits will be available for sale, generated from the 1,000 tonnes of neat SAF which are blended, delivered and uplifted from Singapore Changi Airport. These are expected to cut carbon dioxide emission by 2,500 tonnes. Every credit purchased will help to reduce 2.5 tonnes of carbon dioxide emissions.
The launch of the SAF credits provides customers, including corporate and individual travellers, an avenue to do their part for the environment. By purchasing these credits, they can also help to stimulate demand for SAF, support the development of the nascent SAF industry, and advance the adoption of SAF for aviation sustainability.
The SAF credits will be registered as part of a pilot project within the Roundtable on Sustainable Biomaterials (RSB) Book & Claim System to ensure that the SAF credit transactions are conducted in a trusted and transparent manner, with no double counting of credits. The Book & Claim System is enabled by the RSB, a global membership organisation that drives the sustainable transition to a bio-based and circular economy.
The SAF credits can be purchased directly from SIA.
From 4Q2022, all SIA customers will be able to purchase a mix of SAF credits and carbon offsets, as part of the SIA Group Voluntary Carbon Offset Programme. SIA will also partner Climate Impact X (CIX), a global exchange for quality carbon credits, to introduce a bundled portfolio consisting of SAF credits and carbon credits. The product will be designed to meet corporate demand for SAF while balancing affordability.
Lee Wen Fen, senior vice president corporate planning, Singapore Airlines, said: “As we progress with the SAF pilot in Singapore, we can now offer more opportunities for our corporate customers and travellers to mitigate their carbon emissions using SAF credits, which are registered and accounted for within the RSB Book & Claim System. This will help to accelerate and scale up the collective adoption of SAF, reinforcing our commitment to achieve net zero carbon emissions by 2050.”
