The International Air Transport Association (IATA) has announced a statement about global system launching the Civil Aviation Decarbonisation Organisation (CADO) to oversee the IATA-developed Sustainable Aviation Fuel (SAF) Registry once it is made available.
Marie Owens Thomsen, IATA’s Senior Vice President of Sustainability and Chief Economist, shared her thoughts:
“CADO will turbo-charge the imminent launch of the IATA-developed SAF Registry. Its mandate is to manage the SAF Registry as a separate entity from IATA with an open and global approach that supports the scrutiny needed to build trust among all stakeholders. In fact, the door is open for any stakeholder in the SAF value chain, including governments, to join CADO. This inclusive approach should also be a force for the harmonization of the principles on which all SAF registries operate.”
Later, Willie Walsh, IATA’s Director General, continued:
“The SAF Registry is a critical piece of market infrastructure that is indispensable in building a global, transparent, and liquid market for SAF. The industry’s commitment to build the Registry and establish CADO to manage it should inspire governments, fossil fuel producers, and investors to engage in the SAF market with commensurate vigor. Ramping up SAF production is the common goal, and the structure we are putting in place with CADO is an important step in moving decarbonisation forward.”
What is expected from CADO ?
CADO is a not-for-profit Canadian corporation established in Montreal. As a founding member, IATA will provide technical assistance and operational services to CADO on a regular basis. The company is prepared to:
- Organisations operating in or supporting the SAF value chain and also organisations or groups affiliated with SAF stakeholders.
- States or pseudo-state actors who have direct stakes in the SAF Registry’s operations and profits.
- Interest groups indirectly benefiting from deployment in sustainable aviation fuel.
About the SAF Registry
IATA is developing the SAF Registry as a global system to standardise and transparently record SAF transactions. The system ensures that the environmental value of SAF is accurately recorded and allocated in the SAF value chain for airlines and corporate buyers so they can meet regulatory obligations and take advantage of voluntary decarbonisation schemes.
The SAF Registry is designed to mitigate the obstacle of limited availability of SAF by aggregating airlines, SAF suppliers and manufacturers together regardless of location. It also enables corporate customers to contribute toward funding in-sector emissions reductions by co-funding decarbonisation.
Participation in the SAF Registry will be free until April 2027, after which it will transition to a cost-recovery model.
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