UK SAF revenues to be funded through aviation industry levy
Hydrogen-derived fuels could see a boost under new UK aviation legislation, as the government confirms that a long-awaited revenue certainty mechanism for sustainable aviation fuels (SAF) will be funded through a levy on aviation fuel suppliers.
How SAF will be funded has been a sticking point in establishing the nascent market’s framework, particularly for higher-cost synthetic fuels produced using renewable hydrogen and captured CO2.
The Department for Transport believes it can keep ticket price change fluctuations to marginal levels of £1.50 ($2.00) a year on average. It will “continue to engage with industry” on pricing details.
The government also announced £400,000 ($533,000) of additional funding for producers so that new clean fuels “can get to market quicker”. It follows £63m ($83.9m) of funding made available through the Advanced Fuels Fund this year.
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