HOW THE LEVY WILL BE USED
CAAS on Thursday also laid out how the levies will be used.
Money collected through the levy will be channelled to a statutory fund known as the SAF Fund and used to purchase sustainable aviation fuel and its related “environmental attributes”, as well as cover administrative costs.
SAF environmental attributes refer to a value representing the difference in carbon dioxide emissions of SAF throughout its life cycle and those from the same quantity of conventional aviation fuel.
The environmental attributes may be used to meet offsetting requirements under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), developed by the International Civil Aviation Organization (ICAO), or other similar programmes.
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