Airplanes emit various particles and gases into the atmosphere, including carbon dioxide (CO ), which makes up 65% of global greenhouse emissions. Even though CO is one of several greenhouse gases that naturally occurs in the atmosphere, its excess traps heat causing global warming.
Air travelers are increasingly sensitized about the impact they have on the environment. Since the aviation sector is still very far away from a widely spread technology based on renewable and non-fossil fuel based power, one of the ways for them to compensate for the flightās carbon footprint is through carbon offsetting their flights. Carbon offsetting is the action of balancing out own un-avoidable carbon emissions by sponsoring emission reductions elsewhere. Registered and verified emission reduction projects are implemented all around the world in different industries and the aviation sector (since it is one of the hard to abate heavy polluting sectors) will play a crucial role in bringing post-reduction financing to these projects.
AEGās Carbon Neutral program helps customers achieve their goals of environmental integrity through carbon offsets. This environmental initiative is designed to help and guide our customers towards reducing and offsetting their carbon footprint.
Carbon Neutrality is achieved when a measured and verified amount of greenhouse gas emissions (GHG) is balanced out by exactly the same GHG reduction elsewhere or simply by avoidance and mitigation of emissions resulting in net zero emissions.
Action of balancing out an organizationās emissions by investing in projects that reduce emissions outside their boundaries.
The Carbon Credit is a concept created to reduce the release of harmful greenhouse gases into the atmosphere. Companies are able to purchase a permit that enables them to emit a certain fixed amount of Carbon Dioxide (CO).
This credit acts as a currency for the company to then compensate for that emission by retiring the credit and funding projects that contribute to a net-reduction in the overall carbon emission in the earthās atmosphere. The process of āretiringā credits is assured by an independent third party and audited annually.
For each unit of carbon dioxide that is projected to be emitted into the atmosphere on each gallon of fuel purchased, AEG can facilitate the simultaneous purchase and eventual retirement of a carbon credit to offset that gallonās emission. AEG can effectively allow operators to manage all or a portion of their fuel purchasing on a carbon-neutral basis.
As part of the program, AEG issues operatorās official retirement proofs and carbon offsetting certificates to display in their offices and marketing programs. The retirement proofs may also be submitted to third-party regulatory agencies to provide certification of any minimum offset requirements set by governments around the world.
Nearly 3% of the worldās CO Emissions occur as a direct result of air travel. At AEG we are enthusiastically supporting the IATA and ICAO commitments to achieve carbon-neutral growth in aviation from 2020 onwards and achieve net-zero carbon emissions by 2050.
The most critical component in aviationās pathway to carbon neutrality is the increased production and adoption of Sustainable Aviation Fuel (SAF). Only SAF has the potential to deliver the performance of fossil-based jet fuel but at a fraction of its greenhouse gas emissions.
AEG is now actively marketing SAF at over 20 airports around the world.
Through AEG customers can now search for SAF availability by airport and order on an into-wing basis or pay the premium for SAF to receive the benefit of emission reductions through our AEGās Book and Claim program.
With the click of a button, customers can:
We are committed to supporting end-users access to SAF via our numerous sales and marketing channels:
āOne of the key roles AEG will play in supporting aviationās net-zero goal is leveraging our global footprint, agility, and technology capabilities to serve as the bridge for gaps in SAF supply, demand, location, and priceā said Stephen J. Leonard, Vice President of Global Supply for AEG Fuels. āWeāre inviting customers to login now and weāre excited to join each on their individual journeys to environmental integrity.ā
AEGās Book and Claim program enhances access to SAF by matching product supply with demand. This process allows SAF to be delivered into an airplane at one location without excess emissions due to extended logistics while the purchasing customer receives the benefit of the certification and ESG claims.
Making Sustainability the Simple Choice
At AEG we aim to offer customers the tools and technology needed to easily begin incorporating SAF into your regular purchasing channels.
Customers are invited to participate in the program and contact AEG for more information.