Focus on financing climate aviation ambitions at the monthly ECAC environment webinar
14 September 2022 — The ECAC monthly familiarisation webinars on basic knowledge on aviation and the environment resumed after the summer break with a session dedicated to a topic for discussion at the 41st ICAO Assembly (27 September – 7 October), and also addressed in a working paper presented by ECAC Member States: financing climate aviation ambitions and encouraging investments to promote sustainable aviation fuels (SAF).
Fifty-seven participants from ECAC Member States, organisations and stakeholders joined the webinar.
Jianyi Chen, Project Fellow at the World Economic Forum (WEF), presented the work his organisation is doing on financing the transition to a net-zero future. He encouraged the European industry to consider joining the First Movers Coalition, a global WEF initiative harnessing the purchasing power of companies to decarbonise seven “hard to abate” industrial sectors, including aviation, to send a powerful market signal to commercialise zero-carbon technologies.
Ioanna Katsarou, Policy Officer at the European Commission (DG MOVE), presented different EU tools to boost SAF access to public and private finance, including the recently launched Renewable and Low-Carbon Fuels Value Chain Industrial Alliance (RLCF Alliance) and the EU ETS Innovation Fund.
Marylin Bastin, Head of Aviation Sustainability at EUROCONTROL, informed participants about the work her organisation is initiating on climate change financial disclosure to support States and stakeholders by providing guidelines for potential investors comprising comprehensive information on the impact of climate change, in order to empower transparency on climate risks and opportunities.