Europe Handed Out €430 Million in SAF Permits Last Year
The European Commission granted €430 million in free ETS allowances to 130 airlines last year to boost sustainable aviation fuel adoption and cut emissions.
Stock photo for illustration only, not from the actual event
- European support for sustainable aviation fuel surged to €430 million, quadrupling the previous year's figure.
- A total of 130 airlines received free Emissions Trading Scheme allowances covering over 530,000 tonnes of SAF.
- The initiative successfully cut approximately 1.7 million tons of CO2 emissions.
- Major carriers including Air France-KLM, IAG, Ryanair, and Lufthansa secured the largest allocations.
Europe's financial backing for the aviation industry through its Emissions Trading Scheme has climbed to four times the level recorded in 2024 as stakeholders race to meet stringent blending mandates. The funding aims to close the substantial price gap associated with greener fuel alternatives.
The European Commission announced that it has approved the distribution of free carbon emissions allowances to 130 airlines. Through this initiative, carriers claimed over 530,000 tonnes of sustainable aviation fuel, effectively slashing approximately 1.7 million tons of CO2 from the atmosphere.
This substantial support reached €430 million, equivalent to $494 million, marking a dramatic increase from roughly €100 million awarded the prior year. This effort forms a core component of a €1.5 billion financial pot earmarked to accelerate SAF adoption, which the Commission has proposed expanding further under upcoming ETS reforms.
Source: Skift
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