February 18, 2025 [SAF Investor]- The International Civil Aviation Organization (ICAO) announced the launch of ICAO Finvest Hub, a global platform to connect aviation sustainability projects developers with investors, with the aim to scale sustainable aviation fuel (SAF) production.
The global body said that this platform will facilitate dedicated pathways for funding SAF production facilities, clean energy infrastructure and other aviation decarbonisation initiatives.
The agreement was formalised through a letter of intent signed at ICAO’s Global Implementation Support Symposium by ICAO secretary general Juan Carlos Salazar, alongside representatives from Airbus, Boeing, the International Power-to-X Hub, and GenZero.
The hub will provide critically important support to the aviation sectors’ efforts, including the urgent need to scale up SAF production and deployment to meet demand.
“The success of aviation’s environmental transition depends on strong partnerships and accessible funding, particularly for developing States,” said ICAO council president Salvatore Sciacchitano.
“The establishment of the Finvest Hub exemplifies the power of international cooperation in addressing our shared environmental responsibilities. Through this platform, we are acting on our commitment to achieve net-zero carbon emissions by 2050, while implementing the Global Framework for Sustainable Aviation Fuels adopted in Dubai.”
“The Finvest Hub introduces access to new financial mechanisms specifically designed for aviation sustainability projects,” remarked ICAO secretary general Juan Carlos Salazar.
“By connecting technical expertise with innovative financing solutions, we’re creating practical pathways to increase production of sustainable aviation fuels and other cleaner energy sources. These projects will serve as engines of economic growth while advancing environmental protection across our Member States.”
ICAO said that the hub will connect projects contributing to the decarbonisation of international aviation with potential public and private investors and create pathways for the funding of projects contributing to the decarbonization of international aviation.
In addition, the hub will also play its role in prioritising the provision of support to developing countries and States facing unique challenges in financing projects contributing to the decarbonization of international aviation.
Meanwhile, it will also work towards actively engaging with governments, financial institutions, and private sector stakeholders to encourage and accelerate access to new and additional funding for projects contributing to the decarbonisation of international aviation.
Free Trial: Access 13,300 Tank Terminal and Production Facilities
13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data
