The EU has pledged to dedicate half of its 300 billion euro infrastructure plan, seen as a rival to China’s Belt and Road Initiative, to Africa
The European Union is scouting Africa to back clean jet fuel projects under its Global Gateway infrastructure fund, an EU official said, ahead of an anticipated boom in demand for environmentally sustainable air travel.
“In the context of the Global Gateway, the Commission is currently looking into possible co-financing mechanisms and guarantee instruments,” said Stefan De Keersmaecker, a European Commission spokesperson.SAFs are low-carbon fuel alternatives for the aviation industry and can be made from various crops among other feedstock sources.
The aviation industry contributes more than 2% of global energy-related emissions, and the EU is mandating emissions reduction targets that will require airlines to use more SAF.
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