Hong Kong should learn from EU missteps with sustainable jet fuel: Cathay Pacific
Hong Kong is poised to meet its short-term needs for sustainable aviation fuel (SAF) within the region, but careful regulation and target-setting are crucial. At a recent sustainable aviation forum, experts highlighted the importance of learning from markets like the European Union and the UK, which have mandated at least 2% SAF in fuels since January. These insights are vital as Hong Kong plans to set its own SAF usage targets for flights departing from its airport by the end of the year.
Challenges faced by European airlines, such as alleged price gouging by dominant fuel suppliers, were discussed as potential pitfalls for Hong Kong to avoid. Grace Cheung from Cathay Pacific Airways pointed out that while Europe's SAF mandate has shifted cost burdens to airlines, Hong Kong's open-access fuel supply system could mitigate similar issues. However, concerns remain about the lack of clear quality assurance procedures for carbon-reduction benefits in Europe. Peter Lee of Airport Authority Hong Kong assured that the city's fuel infrastructure promotes fair access and cost-sharing among suppliers, potentially providing a more balanced approach to SAF integration.
via SCMP Full Text Feed
Hong Kong is poised to meet its short-term needs for sustainable aviation fuel (SAF) within the region, but careful regulation and target-setting are crucial. At a recent sustainable aviation forum, experts highlighted the importance of learning from markets like the European Union and the UK, which have mandated at least 2% SAF in fuels since January. These insights are vital as Hong Kong plans to set its own SAF usage targets for flights departing from its airport by the end of the year.
Challenges faced by European airlines, such as alleged price gouging by dominant fuel suppliers, were discussed as potential pitfalls for Hong Kong to avoid. Grace Cheung from Cathay Pacific Airways pointed out that while Europe's SAF mandate has shifted cost burdens to airlines, Hong Kong's open-access fuel supply system could mitigate similar issues. However, concerns remain about the lack of clear quality assurance procedures for carbon-reduction benefits in Europe. Peter Lee of Airport Authority Hong Kong assured that the city's fuel infrastructure promotes fair access and cost-sharing among suppliers, potentially providing a more balanced approach to SAF integration.
via SCMP Full Text Feed
