Singapore’s chance to become a global leader in sustainable aviation fuel
Growing global demand for such fuel can unlock thousands of high-quality jobs and give the Republic’s economy a multibillion-dollar boost
ASIA’S aviation sector has experienced rapid growth in recent years, becoming one of the world’s largest markets. Even on modest forecasts, passenger numbers across Asia are set to double, with the International Air Transport Association forecasting more than four billion passengers in the Asia-Pacific by 2040.
In Singapore itself, passenger numbers are already returning to their non-stop growth trajectory. With this growth comes an opportunity for Singapore to demonstrate true regional leadership.
Singapore’s recent publication of its Sustainable Air Hub Blueprint, and its announcement of a sustainable aviation fuel levy, are a recognition of the importance of sustainability to Singapore’s aviation future.
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