The European Commission has approved, under EU State aid rules, two Dutch schemes with a combined budget of €290m to support sustainable aviation fuels ('SAF'). The schemes will contribute to the objectives of the Clean Industrial Deal to accelerate the decarbonisation of EU industry, as well as of the ReFuelEU Aviation Regulation to boost the supply and demand of SAF and accelerate the transition to climate-neutral aviation.
Tag: clean fuel
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£219m boost for sustainable aviation fuel to cut emissions and back innovation
Innovative companies from across the UK are invited to bid for a share of £93m over the next two years to develop low carbon fuel, with applications opening in mid-July. The fund will focus support on the most promising projects meaning those closest to the actual production stage.
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$100bn: turning clean fuel ambition into progress by 2030
Global investment in clean fuels will need to quadruple by 2030 to meet global clean fuel ambitions, according to a new World Economic Forum report 'Fuelling the Future: How Business, Finance and Policy can Accelerate the Clean Fuels Market', developed in collaboration with Bain & Company. Highlighting the potential of the sector to stimulate job growth and diversify energy supply, the report sets out policy, business and financing measures that can turn global goals into credible, economically viable projects.