The International Civil Aviation Organization (ICAO) is making strong efforts toward the establishment of a global platform that will directly connect aviation sustainability projects with investors worldwide. ICAO said that support for its creation was formalized recently 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.
ICAO said the initiative emphasizes support for developing countries through targeted technical assistance, capacity building, and guidance on establishing legal and policy frameworks that attract sustainable aviation investments. It will also actively engage with governments, financial institutions, and private sector stakeholders to encourage and accelerate access to new and additional funding for projects contributing to the decarbonization of international aviation.
Known as the ICAO Finvest Hub, this platform will facilitate dedicated pathways for funding sustainable aviation fuel production facilities, clean energy infrastructure, and other aviation decarbonization initiatives. This will provide critically important support to the aviation sectors’ efforts, including the urgent need to scale up sustainable aviation fuel (SAF) production and deployment to meet demand.
Sustainable aviation fuels (SAF), lower carbon aviation fuels (LCAF), and other cleaner energy solutions are expected to be a significant focus for the Finvest Hub, given that these are expected to significantly contribute to the long-term global aspirational goal for international civil aviation of net-zero carbon emissions by 2050.
“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.”
