Hong Kong’s aviation future hinges on sustainable fuel policies, experts say
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Hong Kong's aviation future depends on sustainable aviation fuel (SAF) policies; Chief Executive John Lee's upcoming policy address is crucial; Mark Harper from John Swire & Sons highlights the need for government intervention to solve SAF supply issues; 70% of greenhouse gas emissions from the conglomerate are linked to Cathay Pacific, with 98% from jet fuel; 80% of global SAF supply is from North America and Europe due to tax incentives; Last year's policy address mentioned an action plan for SAF; Tracy Wong Harris from Standard Chartered emphasizes the need for public-private collaboration; Other regions have set SAF goals, including Beijing's target of 50,000 tonnes from 2021 to 2025 and Singapore's 1% SAF requirement by 2026; The US aims to increase SAF use from 24.5 million gallons in 2023 to 3 billion by 2030; Aviation accounted for 2% of global CO2 emissions in 2022; SAF is 3-5 times more expensive than conventional jet fuel; Ecoceres produced 100,000 tonnes of SAF in 2023, holding a 20% share of global production.
#Aviation #SustainableFuel #HongKong #ClimateChange #Policy #CathayPacific #Saf #GreenhouseGas #GovernmentIntervention #InternationalRegulations
https://www.scmp.com/business/climate-and-energy/article/3281988/hong-kongs-aviation-future-hinges-sustainable-fuel-policies-experts-say?module=Climate%20and%20energy&pgtype=section
South China Morning Post /
npub1x2…knuvq
2024-10-13 02:13:10
Author Public Key
npub1x2q0x7w5tqx0x3j9tdvkvqmetarpr8axhpjq7qw5xxrcysdwtrzssknuvqPublished at
2024-10-13 02:13:10Event JSON
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"content": "Hong Kong’s aviation future hinges on sustainable fuel policies, experts say\n==========\n\nHong Kong's aviation future depends on sustainable aviation fuel (SAF) policies; Chief Executive John Lee's upcoming policy address is crucial; Mark Harper from John Swire \u0026 Sons highlights the need for government intervention to solve SAF supply issues; 70% of greenhouse gas emissions from the conglomerate are linked to Cathay Pacific, with 98% from jet fuel; 80% of global SAF supply is from North America and Europe due to tax incentives; Last year's policy address mentioned an action plan for SAF; Tracy Wong Harris from Standard Chartered emphasizes the need for public-private collaboration; Other regions have set SAF goals, including Beijing's target of 50,000 tonnes from 2021 to 2025 and Singapore's 1% SAF requirement by 2026; The US aims to increase SAF use from 24.5 million gallons in 2023 to 3 billion by 2030; Aviation accounted for 2% of global CO2 emissions in 2022; SAF is 3-5 times more expensive than conventional jet fuel; Ecoceres produced 100,000 tonnes of SAF in 2023, holding a 20% share of global production.\n\n#Aviation #SustainableFuel #HongKong #ClimateChange #Policy #CathayPacific #Saf #GreenhouseGas #GovernmentIntervention #InternationalRegulations\n\nhttps://www.scmp.com/business/climate-and-energy/article/3281988/hong-kongs-aviation-future-hinges-sustainable-fuel-policies-experts-say?module=Climate%20and%20energy\u0026pgtype=section",
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