Industry reports & articles

Quality issues across major project types, reductions widely vary: e.g. cookstoves only 11%, avoided deforestation 25%, industrial gas projects 16-68%, wind power and improved forest management no significant emissions reduction.

The RefuelEU Aviation Initiative (“ReFuelEU”) will make the blending of Sustainable Aviation Fuel (“SAF”) mandatory for the European aviation industry from 2025 via a quota system and a sub-quota for power-based fuel from 2030. This obligation is supported by the threat of penalties for airlines and fuel suppliers in the event of non-compliance. This law provides a compelling but evidently not yet sufficient incentive to make the necessary investments in corresponding projects for the market ramp-up required to comply with the quotas. In fact, in view of the Review Clause in Art. 17 of the RefuelEU, there is considerable uncertainty among investors regarding the stability of the quota law. The main concern is that the regime of penalties and quotas could be adjusted due to the de facto impossibility of achieving quotas. In this respect, the primary objective of policymakers should be to maintain confidence in the handling of the Review Clause pursuant to Art. 17 RefuelEU. 

This is the first in a series of special supplements delivering ‘The Ishka View’ on aviation ‘Environmental, Social, Governance’ (ESG) and other sustainability developments… [download the document to read more]

In this second edition of Ishka’s ESG Aircraft Finance data sheet, we expand our coverage to include all publicly-announced airline or aircraft-related green… [download the document to read more]