The International Air Transport Association (IATA) that represents some 330 airlines comprising over 80% of global air traffic will create the Sustainable Aviation Fuel (SAF) Matchmaker to link airlines and SAF suppliers.
The airlines will have the opportunity to buy Eligible Emissions Units (EEU) at a bespoke Procurement Event scheduled for the last quarter of 2024 on the Aviation Carbon Exchange (ACE).
This event is being organized by IATA with the State of Guyana, Mercuria, and Xpansiv and is open to all airlines.
IATA estimates that airlines will need between 64 and 162 million EEUs for Phase 1 of CORSIA, depending on how traffic evolves.
At present, the State of Guyana is the only source of such EEUs. Guyana has already made sales from the 7 million issued EEUs and uncommitted volume will be available at the Procurement Event.
IATA is expanding the distribution network for its IATA CO2 Connect emissions calculations with Thrust Carbon, a sustainability intelligence platform provider for the travel industry.
Delta Air Lines (Delta) will use and contribute operational data to the IATA CO2 Connect emissions calculator, for both passenger and cargo flights and will contribute fuel-burn data from its 4,000 daily flights.
According to the IATA press note, all these developments were announced at the World Sustainability Symposium (WSS) 2024 with an expected launch date in the first quarter of 2025.
