The government has unveiled a major plan to accelerate sustainable aviation fuel (SAF) production while keeping flight costs in check.
A new industry-funded revenue certainty mechanism (RCM), will provide financial stability for SAF producers, helping to scale up domestic production and support the UK’s net zero goals.
SAF can reduce aviation emissions by up to 70% compared to traditional jet fuel, making it crucial for greener air travel.
But with domestic production still in its infancy, investment has been slow. The RCM aims to change that by guaranteeing stable revenue for SAF producers, even when fuel prices fluctuate.
Aviation Minister Mike Kane commented: “We are committed to building the technology and fuel supply that will see greener flying become a reality in a way that protects consumers.
“These proposals will power up SAF production in the UK, support thousands of green jobs and bolster expansion plans.”
The plan builds on the UK’s SAF Mandate, which came into effect in January and requires an increasing percentage of aviation fuel to come from sustainable sources.
The government estimates that by 2050, investment in SAF could support 15,000 jobs and generate £5 billion for the economy.
With a consultation running until 31 March, the scheme could soon be put into law. The government hopes this move will not only cut emissions but also cement the UK’s position as a leader in clean energy and sustainable air travel.
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