GenZero and WEF Launch Regional Alliance to Boost Green Aviation in Asia

GenZero, a decarbonisation investment platform backed by Temasek, has teamed up with the World Economic Forum (WEF) to unveil a new regional coalition aimed at increasing demand for Sustainable Aviation Fuel (SAF) and speeding up the aviation sector's shift to low-carbon solutions in Asia.

The initiative, called Green Fuel Forward, was officially introduced at the GenZero Climate Summit 2025 in Singapore. It brings together airlines, logistics players, and corporate partners to purchase SAF credits, which represent one metric tonne of sustainable fuel. These credits allow companies, especially those not in the aviation sector, to reduce their indirect (Scope 3) emissions linked to business travel and air freight.

Using a 'book and claim' model, buyers can invest in SAF without directly using the fuel, creating a new funding pathway that could help lower production costs and expand availability. “Lowering the price is key to stimulating demand. When companies channel their Scope 3 offset budgets into SAF credits, those funds go directly toward helping airlines and airports afford greener fuel,” said GenZero CEO Frederick Teo in an interview with Eco-Business.

The aviation industry contributed about 2.5% of energy-related CO₂ emissions globally in 2023. SAF is seen as critical to reducing these emissions, but its adoption has lagged due to high costs. Current SAF prices are around US$2,500 per tonne, nearly four times more expensive than traditional jet fuel, while SAF only makes up 0.3% of the global jet fuel supply.

Teo also pointed to Singapore’s proposed levy on air tickets, which would be used to support SAF uptake, as a creative policy solution. Unlike fixed blending targets, the levy allows for flexible funding while protecting both carriers and consumers from cost fluctuations.