Qantas Group calls on Australian government to support SAF

In Australia, to help kickstart local production of SAF, the Qantas Group is calling for the Australian Government to introduce a SAF blending mandate as part of a broader framework of industry policies, similar to those already announced in other jurisdictions. The UK, Europe and Japan have set or proposed mandates of between 5 and 10 per cent to be reached by the end of the decade and the US has set a 2030 production target of 3 billion gallons per year.

The Qantas Group will establish an AUD$400 million climate fund to provide direct investments in sustainability projects and technologies, as the airline works towards its emissions reduction targets.

The Qantas Climate Fund, announced as part of the Group’s Investor Strategy Day, will be the largest aviation fund of its kind in the world.

The fund includes the ~AUD$290 million partnership established last year between Qantas and Airbus to accelerate a domestic sustainable aviation fuel (SAF) industry in Australia and an additional AUD$110 million from Qantas for other environmental projects such as high-integrity carbon offsets, offshore SAF investments, and operational efficiency technologies.