5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Set policies for cleaner aviation fuel, gov’t urged

by
November 26, 2023
in Stock
0
Set policies for cleaner aviation fuel, gov’t urged













THE government needs to fast-track the crafting of policies and a framework that will help advance the development of sustainable aviation fuel (SAF), as the aviation sector targets to cut carbon emissions by utilizing green fuel, an airline executive said.

“The integration of sustainable aviation fuel is crucial in meeting the aviation industry’s commitment to reducing its carbon footprint,” Alex B. Reyes, chief strategy officer of Cebu Pacific said in a Viber message to BusinessWorld.

In November, the Board of Investments said it is in talks with aerospace company Airbus for the development of SAF in the Philippines.

Airbus’ all-new engine (NEO) aircraft is said to have better fuel efficiency as it is the latest generation of Airbus planes considered the most compatible to use SAF.  Currently, all Airbus aircraft are certified to operate by up to 50% SAF blend.

In September, the Department of Energy said it was working on crafting draft regulations on SAF to accelerate its adoption in the country.

“The Philippine government’s support to enhance the production and availability of sustainable aviation fuel is a welcome development and aligns with Cebu Pacific’s goal of driving sustainable aviation in the country,” Mr. Reyes said.

The International Air Transport Association has projected that SAF will contribute 65% of carbon emissions reduction.

“We encourage more producers and stakeholders to join in these efforts to achieve net zero emissions by 2050,” Mr. Reyes said.

In an earlier interview, Mr. Reyes suggested that the government must also offer incentives to encourage airlines to use more SAF.

In October, budget carrier Cebu Pacific said it was working to establish a long-term supply agreement with SAF suppliers as it is targeting to operate more flights powered by green fuel.

For its part, flag carrier Philippine Airlines said it would continue to work with relevant stakeholders to help increase the fuel supply.

“PAL continues to explore with various stakeholders different means to produce more SAF to make it more available and cheaper for airlines,” Stanley K. Ng, PAL president and chief operating officer, said in a Viber message. — Ashley Erika O. Jose

CEDadiantiTyClea

RELATED ARTICLESMORE FROM AUTHOR



MORE STORIES


Previous Post

The Maharlika strategic investment fund — How to prioritize projects

Next Post

From Lululemon to Birkenstock, duplicate styles lure holiday shoppers

Next Post
From Lululemon to Birkenstock, duplicate styles lure holiday shoppers

From Lululemon to Birkenstock, duplicate styles lure holiday shoppers

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Rice tariff stays at 15% till November

    Rice tariff stays at 15% till November

    July 9, 2025
    Income-price gap keeps Filipino families from owning homes — ULI

    Income-price gap keeps Filipino families from owning homes — ULI

    July 9, 2025
    NCR wage hike unlikely to stoke prices

    NCR wage hike unlikely to stoke prices

    July 9, 2025
    S&P sees 11-13% loan growth in next 2 years

    S&P sees 11-13% loan growth in next 2 years

    July 9, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.