Offshore Technology & Offshore Technology Focus’ Post

Does the US really have the most favourable funding environment for sustainable aviation? 🤔 The #US is often cited as having a much more favourable environment than Europe for #sustainableaviation innovation in terms of financial measures. However, some major funding announcements from the past month may paint a clearer picture... 👉 The EU unveiled €424 million in funding for alternative fuels infrastructure in support of key #mobility policies such as the #ReFuelEU Aviation mandate. 👉 The UK, meanwhile, announced an additional £200 million (€232 million) in green funding for its #aerospace sector in its Spring Budget, just as it celebrated a cumulative £3.6 BILLION in public & private funding for aerospace innovation over the last decade via the great work of the Aerospace Technology Institute, with a further £5.35 million for technical support and funding announced alongside the long-awaited UK SAF Mandate late last week. The US' Inflation Reduction Act has offered a lot of 'carrots' for activity in this space (with a new tax credit model for its sustainable aviation fuel subsidy programme expected to be launched this week). However, European activities - especially mandates - are also driving action... and it's clearly not all 'sticks' as seen from some large figures being made available. Ultimately, tackling the huge challenge of reaching #netzero aviation will require a concerted, accelerated effort between public and private sector actors. It can be difficult to keep track of the public #funding opportunities available, so our aviation team at Climate Catalyst have built a database of funding for #aviation in #Europe. Check it out here: https://lnkd.in/e8fmZQ8n  If you know of more funding opportunities or want to hear about our aviation programme, please get in touch! 👇 #aviation #aviationnews #sustainableaviation #SAF #climateaction #netzero #decarbonisation #cleantechnology #energytransition #hydrogen #greenhydrogen

It was a real pleasure joining the panel on "How can the Power to Liquids industry drive forward and scale over the next two decades" at Sustainable Aviation Futures' SAF Congress yesterday! Together with esteemed colleagues Jo Dardenne, Aviation Director, Transport & Environment (T&E), Dan Matuszak, Chief Technology Officer, Aviation Climate Taskforce, Benoit Decourt, co-founder and Partner for Products, Sustainability, and Public Affairs at Elyse Energy and moderated by Tudy Bernier, Policy Director, CO2 Value Europe, we discussed, among others: 💧 We don't get to a scaled-up Power to Liquids (PtL) industry without serious collaboration - and ultimately co-funding - across the private and public sectors, with participation from CSOs like SASHA that ensure EU policies remain ambitious. 🤝 Such a collaborative approach must dovetail on EU policies that not only drive funds to the right places but also inspire and incentivise private investment to facilitate innovation. First and foremost such financing must be directed to hydrogen-derived e-fuels as the only truly sustainable aviation solution. ♻ We are less than a generation from our climate targets' deadline. The time is now to invest and innovate. EU regulations like Refuel EU are not as ambitious as we would like them to be, but we should view them not as *maximum* standards but bare *minimum* standards. #SAF #SustainableAviationFuels #DecarboniseAviation #efuels #aviation #climate #environment

🟢 Did you miss our EU Policy and Coalition Consultant Martijn P. at Sustainable Aviation Futures' SAF Congress yesterday? Watch a bit of Martijn's presentation below and catch up with his key takeaways! 👇 👇

Hey #businessaviation! It’s that magical time of year again… That’s right, #co2emissions reporting season 🎁 is nigh!! As promised, here’s the link to Universal Weather and Aviation, Inc.’s latest Webinar on ETS scheme reporting and #Sustainability: https://lnkd.in/deBfMaQN Reach out or drop me a comment with any questions. #emissions #aviation #carbonfootprint #avgeek #privatejet #carbonmarkets #webinar

New Research: Carbon Offsets: Fact from Fiction Through a combination of secondary research and quantitative analysis, Skift takes a critical look at the practicality of implementing carbon offsets from a financial perspective, with particular focus on the airline industry within the context of the International Air Transport Association’s requirements. Learn more: https://hubs.li/Q02DzD7s0

*The* most comprehensive research report ever done on whether carbon offsets in travel are a scam, or not. The answer…..maybe. “Carbon offsets work in theory but are not being implemented consistently and defensibly and it falls to businesses themselves to fix these problems….The criticism leveled at the carbon offsetting ecosystem are based on valid and demonstrable instances of failure.” Really well done research by Robin Gilbert-Jones.

New Research: Carbon Offsets: Fact from Fiction Through a combination of secondary research and quantitative analysis, Skift takes a critical look at the practicality of implementing carbon offsets from a financial perspective, with particular focus on the airline industry within the context of the International Air Transport Association’s requirements. Learn more: https://hubs.li/Q02Dzpqt0

𝗛𝗼𝘄 𝗰𝗮𝗻 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗽𝗼𝗹𝗶𝗰𝘆 𝘄𝗼𝗿𝗸 𝘁𝗼𝗴𝗲𝘁𝗵𝗲𝗿 𝘁𝗼 𝗮𝗰𝗵𝗶𝗲𝘃𝗲 𝗰𝗹𝗶𝗺𝗮𝘁𝗲-𝗻𝗲𝘂𝘁𝗿𝗮𝗹 𝗮𝗶𝗿 𝘁𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁? 🤝🛫 Policy, technological and financial innovation must work hand-in-hand to achieve climate-neutral air transport. The technological levers required to decarbonise air traffic are currently immature, or only available to a limited extent. 🎯 "𝗩𝗶𝘀𝗶𝗯𝗹𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗰𝗼𝗺𝗺𝗶𝘁𝗺𝗲𝗻𝘁𝘀 from aircraft manufacturers, 𝗮𝗻𝗱 𝗰𝗿𝗲𝗱𝗶𝗯𝗹𝗲 𝘁𝗮𝗿𝗴𝗲𝘁𝘀 from policy makers, will reduce uncertainty and stimulate innovation and investment," stated Ram Kamath, PhD, Coordinator Transition to Climate Neutrality, at #BauhausLuftfahrt 𝗦𝘆𝗺𝗽𝗼𝘀𝗶𝘂𝗺. 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗻𝗲𝗲𝗱𝗲𝗱: 🔹 Incentives for development of highly efficient aircraft, and for technologies such as direct air capture to be initially be supported by subsidies. 🔹 A combination of quotas and subsidies to encourage the offtake of sustainable aviation fuels. 🔹 Affordable “use of proceeds” green-loans and sustainability linked-loans with standardized structures, and sustainability performance target metrics. ⚙ 𝗖𝗹𝗲𝗮𝗿, 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗴𝘂𝗶𝗱𝗲𝗹𝗶𝗻𝗲𝘀 𝗳𝗿𝗼𝗺 𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝗶𝗮𝗻𝘀 𝗮𝗻𝗱 𝗰𝗼𝗺𝗺𝗶𝘁𝗺𝗲𝗻𝘁𝘀 𝗳𝗿𝗼𝗺 𝗮𝗶𝗿𝗰𝗿𝗮𝗳𝘁 𝗺𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗲𝗿𝘀 can 𝘀𝗼𝗹𝘃𝗲 𝘁𝗵𝗲 𝗰𝗵𝗶𝗰𝗸𝗲𝗻-𝗮𝗻𝗱-𝗲𝗴𝗴 𝗽𝗿𝗼𝗯𝗹𝗲𝗺, and catalyze aviation’s transition. #RecapSymposium

At the #ICAO, we #envisionthefuture of a sustainable air transport network that connects the world for the benefit of all people! In alignment with the United Nations Sustainable Development Goals (#sdgs2030), the International Civil Aviation Organization places a strong emphasis on environmental stewardship, aiming to drastically reduce the aviation sector's carbon footprint and supporting the achievement of the global long term aspirational goal (LTAG) of net-zero carbon emissions by 2050, contributing to the global fight against climate change. This commitment to sustainability goes hand in hand with our efforts to enhance aviation safety and security, recognizing that these are foundational elements of a thriving aviation community. The following video presents our latest progress towards clean energy transition in international civil aviation https://lnkd.in/e3BVeCui

An emissions impossible? The table towards the end of this op-ed is a stark illustration of the flight emissions reductions required (in this case from a major European airport) if the goals of the Paris Agreement on climate change are to be met:.