Business Aviation Coalition Promotes Initiative to Make Flights to, From World Economic Forum More Sustainable

A global coalition focused on business aviation sustainability has announced that the industry, aligned with the work of the World Economic Forum’s Clean Skies for Tomorrow initiative, is offering a market-based solution to help reduce carbon emissions for flights to and from the Forum’s Annual meeting in Davos, which begins on Jan. 16.

Basel, Switzerland-based Jet Aviation AG is encouraging those utilizing business aviation to participate in the Davos forum to use Book-and-Claim, a transaction that enables the purchase of sustainable aviation fuel (SAF), even if SAF is not available from their departing airport.

Book-and-Claim, which has been used for many years in the energy sector, reduces carbon emissions and increases demand for SAF, incentivizing more production. SAF can reduce aviation lifecycle greenhouse gas emissions by 80% over legacy fuels.

The Book-and-Claim buyer does not consume the sustainable fuel; instead, the SAF will be inserted by Jet Aviation into the supply chain in an independent transaction while the buyer, or operator, gets a credit for their SAF purchase and the emissions reduction. This initiative is just one of business aviation’s comprehensive set of actions to decarbonize the sector and achieve net-zero carbon emissions by 2050. In addition to SAF, the industry is cutting emissions by increasing efficiency on the ground and in the air, developing new propulsion systems and zero-emissions advanced air mobility, and using other initiatives that invest in projects that reduce greenhouse gas emissions.

Globally, business aviation produces 0.04% of carbon emissions.

In 2022, the aviation industry continued to make strong progress on sustainability. SAF production doubled in 2022, and supplies are expected to grow more than 400% between 2022 and 2025, according to recently released data. The Assembly of 193 International Civil Aviation Organization (ICAO) members pledged to support the long-term aviation goal of net-zero carbon emissions by 2050. And among other achievements, the industry convinced U.S. policymakers to enact a blenders tax credit to incentivize SAF production.

A fact sheet with additional information about Book & Claim is available here and more information about Clean Skies for Tomorrow is available here.