ICAO establishes global platform to secure financing for aviation sustainability projects
In Canada, the International Civil Aviation Organization (ICAO) said it is pursuing its work toward the establishment of a global platform that will directly connect aviation sustainability projects with investors worldwide. Support for its creation was formalized through a Letter of Intent signed at ICAO’s Global Implementation Support Symposium by ICAO Secretary General Juan Carlos Salazar, alongside representatives from Airbus, Boeing, the International Power-to-X Hub, and GenZero. Known as the ICAO Finvest Hub, this platform will facilitate dedicated pathways for funding sustainable aviation fuel production facilities, clean energy infrastructure, and other aviation decarbonization initiatives. This will provide critically important support to the aviation sectors’ efforts, including the urgent need to scale up sustainable aviation fuel production and deployment to meet demand, ICAO said. “The success of aviation’s environmental transition depends on strong partnerships and accessible funding, particularly for developing States,” said ICAO Council President Salvatore Sciacchitano. “The establishment of the Finvest Hub exemplifies the power of international cooperation in addressing our shared environmental responsibilities. Through this platform, we are acting on our commitment to achieve net-zero carbon emissions by 2050, while implementing the Global Framework for Sustainable Aviation Fuels adopted in Dubai.”
February 18, 2025 at 03:11PM
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Juan Pedro Tomas