Future Energy Global facilitates Jackson Square’s SAF scope 3 credits retirement
Sustainable aviation fuel (SAF) ecosystem builder and production accelerator Future Energy Global said it has retired a batch of Scope 3 emissions credits on behalf of aircraft leasing company Jackson Square Aviation (JSA).
“More intense collaboration between all aviation stakeholders is essential if we’re to achieve the industry’s common goal of net-zero CO2 emissions by 2050,” said Future Energy Global CEO Natasha Mann.
“Aircraft lessors are an absolutely central part of the aviation industry, and Jackson Square is a true sustainability pioneer among lessors. We’re proud to be working with JSA to build a stakeholder ecosystem that will bring aviation closer to net-zero.”
SAF usage by aircraft lessors and financiers like Jackson Square Aviation is critical to contributing to the cost of SAF which sends a strong message to its airline customers that it will work with them to meet the challenges of airline sustainability and SAF funding.
“At JSA, we take our sustainability responsibilities very seriously, and we believe that lessors will increasingly differentiate themselves through their contributions to sustainable aviation,” said Ryan Opeka, Chief Operating Officer of JSA.
“We’re committed to investing in a more sustainable future for global air transport, we are a strong proponent of the adoption of SAFs globally to reduce aviation’s environmental impact, and this transaction with Future Energy Global is a demonstration of our commitment.”
The aviation industry has committed to reaching net-zero CO2 emissions by 2050, and SAF – made from crops, wastes, or renewable electricity – is the biggest single contributor to this net-zero goal, expected to account for about 2/3 of the necessary emissions reduction.
To achieve this goal, SAF production quantities will need to scale more than 400-fold. However, SAF is more expensive than conventional aviation fuel, and all stakeholders, not just airlines, will have to fund the “SAF premium.”
When a company like JSA purchases and retires SAF-derived Scope 3 credits, it contributes to reducing the SAF premium for airlines and thus enables the faster ramp-up of SAF production.
Earlier in January, leading consultancy PA Consulting entered in an agreement with Future Energy Global to compensate for carbon emissions related to the company’s business travel.