A new consortium of companies has estimated that SAF (sustainable aviation fuel) will require around €20 billion in capital investment to scale up in Europe where it has gathered the most momentum off the back of ReFuelEU and the UK SAF mandates. The total investment is expected to be split 90-10 between the EU and the UK. The consortium is made up of airline operators, banks, and SAF producers amongst others (Air France, KLM, DHL, easyjet, ING). The report from SkyPower highlights four critical building blocks that need to be addressed in order for the sector to mature: regulatory certainty on the SAF mandates, adequate public funding via existing industry-generated tax or carbon pricing revenues (e.g. via the ETS), long-term…