https://www.esgtoday.com/shell-accenture-and-amex-launch-sustainable-aviation-fuel-solution-to-address-business-travel-emissions/
Shell, Accenture, and American Express Global Business Travel (Amex GBT) have launched Avelia, a solution to address the emissions impact of business travel by enabling businesses to participate in the purchase and scaling up of sustainable aviation fuel (SAF).
Aviation is a significant source of greenhouse gas emissions, accounting for 2-3% of global emissions and a substantial portion of many businesses' scope 3 emissions.
Sustainable aviation fuel is considered a crucial tool for decarbonizing the aviation industry, with potential emissions savings of up to 80% compared to conventional fuels.
Avelia utilizes a blockchain-powered book-and-claim model, allowing business travelers to pay for SAF and claim the environmental benefits, even if SAF is not available at their departure airport.
The solution was developed by Shell and Accenture, with the support of the Energy Web Foundation, and includes Amex GBT's travel management services to aggregate global demand for SAF.
Avelia will initially offer approximately 1 million gallons of SAF, with Shell, Accenture, and Amex GBT being the platform's first customers.
The goal is to create a trusted ecosystem that brings together airlines, corporates, cargo players, and SAF suppliers to drive sustainability in the aviation sector.
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