
“impactful voices” – podcast
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Episode 5: Financing Aviation’s Transition: Risk, Uncertainty & the Aviation Sustainability Index with Tom Conlon #5
In this episode of impactful voices, we speak with Tom Conlon about one of the defining challenges of aviation decarbonization: uncertainty.
Why is aviation considered one of the hardest sectors to decarbonize? And why does uncertainty continue to slow investment, financing, and large-scale transition efforts?
Together, we unpack the structural complexity of aviation — from low industry margins and rising fuel costs to competing technologies, regulatory uncertainty, and the long timelines required to scale Sustainable Aviation Fuel (SAF) and other solutions. A key theme throughout the conversation is risk. Investors, financiers, and airlines all face uncertainty around future regulation, technology pathways, demand growth, and climate transition impacts. We also explore the Aviation Sustainability Index (ASI) — a scientifically vetted framework developed to help reduce uncertainty and support sustainability-linked financing in aviation.
Key topics include:
• Why aviation remains one of the most difficult sectors to decarbonize
• The role of uncertainty in slowing capital deployment
• Financial barriers and why investors hesitate to commit
• Transition risk vs physical climate risk in aviation finance
• What the Aviation Sustainability Index (ASI) measures and how it works
• How ASI can support sustainable finance and reduce greenwashing risk
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Episode 4: Making SAF Bankable: Financing Challenges and the Market Accelerator Indicator with Adam Klauber
In this episode of impactful Voices, we explore the complex challenges of financing and infrastructure for sustainable aviation fuels (SAF), and innovative solutions designed to accelerate market growth. Adam Klauber from World Energy shares practical insights on how to make SAF projects more bankable and scalable in the near future and explains a potential solution to the problem: the Market Accelerator Indicator (MAI).
Key topics covered:
• The current state of SAF financing and the key barriers including high costs and limited airline budgets
• Lessons from renewable energy sector models, especially power purchase agreements (PPAs), for SAF financing
• The role of long-term offtake agreements and how they improve bankability for SAF projects
• The concept of ‘Book and Claim’ system for environmental credits, its benefits, and potential challenges
• Introduction to the Market Accelerator Indicator (MAI): aims to incentivize and scale SAF investments
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Episode 3: CORSIA, EU ETS & Geopolitics: Rethinking Risk in Aviation’s Transition with Barry MossIn this episode of impactful voices, we speak with Barry about the evolving risk landscape in aviation — from climate policy to geopolitics. We explore two of the most important regulatory frameworks shaping aviation decarbonization today: CORSIA and the EU ETS. What were they designed to achieve, where are the key implementation challenges, and what do they mean in practice for airlines, banks, and lessors? Taking a risk management lens, this conversation goes beyond compliance. We discuss how environmental regulation is becoming a material financial risk — and how uncertainty around offset supply, penalties, and policy developments is reshaping decision-making across the aviation ecosystem. Given current global developments, we also expand the discussion to a broader question: What does risk management look like in a new geopolitical era? The conversation highlights how climate risk and geopolitical risk are increasingly interconnected — and why ignoring either is no longer an option. This episode offers a timely perspective on how aviation stakeholders can navigate complexity, uncertainty, and transition risk in a rapidly changing world.
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Episode 2: Navigating the SAF Landscape in North America with Ken Hill
This conversation delves into the evolving landscape of Sustainable Aviation Fuel (SAF) policies and market developments in North America, particularly focusing on the United States and Canada. Ken Hill discusses the recent regulatory changes, the impact of state-level initiatives, and the differences between US and European approaches to SAF. The conversation also highlights Canada’s proactive measures in SAF production and the significance of 2026 as a pivotal year for the SAF market. Overall, the discussion reflects a mix of optimism and uncertainty regarding the future of SAF, emphasizing the importance of economic drivers alongside environmental considerations. Takeaways A lot is happening in the SAF industry in North America. The Clean Fuels Production Tax Credit is a key incentive. There are many uncertainties surrounding SAF regulations. State-level initiatives are crucial for SAF deployment. California’s low carbon fuel standard has been successful. The US approach favors incentives over mandates. Canada is making significant changes to its SAF policies. 2026 will be a pivotal year for SAF in North America. Economic development is a major driver for SAF production. There is optimism about the future of SAF despite uncertainties.
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Episode 1: Navigating Aviation’s Transition and impact’s role with Ulrike Ziegler
In this episode, Ulrike Ziegler, a seasoned expert in aviation finance and board member of impact, shares insights into how the industry can accelerate its journey toward net zero. We explore the challenges of measurement, the importance of cross-stakeholder coordination, and practical steps for industry-wide decarbonization.
Key Topics
- The origins of impact and its role in unifying sustainability efforts in aviation finance
- The impact of global policies on decarbonization and the need for simple, robust metrics
- The importance of transparency and data quality in tracking decarbonization progress
- Lessons learned from UK’s Jet Zero and opportunities for global collaboration
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impactful voices – Introduction
Welcome to impactful voices — a curated video conversation series by impact on sustainable aviation.
In this podcast, we bring together leading experts from across finance, policy, industry, science, and civil society to discuss the real challenges behind aviation’s transition to net zero. Aviation is one of the hardest sectors to decarbonize — shaped by regulatory pressure, capital intensity, technological uncertainty, and complex global supply chains.
Each episode dives into the most pressing topics in aviation sustainability. We explore both the small and the big levers that can accelerate progress, examine funding constraints and market dynamics, and highlight practical, solution-oriented pathways forward.
Rather than oversimplifying industry debates, impactful voices aims to make them more informed, constructive, and actionable.
Hosted by impact, this series gives a platform to the diverse stakeholders shaping aviation’s sustainability transformation — and connects the financial and aviation communities working to turn ambition into implementation.
New episodes released bi-weekly on Spotify and YouTube.
