Agriculture, Energy Transition, Refined Products, Biofuel, Renewables, Jet Fuel

October 09, 2024

CarbonClick, SCB Group to launch carbon credit platform integrating SAF, offsets

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HIGHLIGHTS

Carbon credit solution aimed at airline industry

Ensures transparency, trust in carbon markets

Collaboration enhances decarbonization efforts

New Zealand-based climate-tech innovator CarbonClick has teamed up with SCB Group, a leader in low-carbon commodities, to launch a comprehensive carbon credit solution aimed at transforming the aviation industry’s path to net-zero emissions, Carbon Click said in a statement Oct. 8.

The new platform is designed as a "one-stop solution" for airlines, integrating advanced technology with a diverse portfolio of carbon credits. This includes sustainable aviation fuel certificates and CORSIA-eligible offsets, allowing airlines to meet both voluntary and compliance carbon targets.

This collaboration aims to streamline and enhance how airlines assess and offset their carbon footprints.

The partnership will provide aviation companies with access to a diverse and high-integrity portfolio of carbon credits. This includes investments in nature and community-based solutions, CORSIA-eligible offsets, SAF certificates and Energy Attribute Certificates, including I-RECs.

Under the collaboration, CarbonClick customers will be able to support the burgeoning SAF market and meet both voluntary and compliance requirements through an expanded credit offering. The integration of state-of-the-art technology will enable carbon offsetting across various touchpoints, encompassing passenger and employee offsets, operational emissions and corporate travel.

Meanwhile, SCB's clients will benefit from an enterprise-grade technology suite that supports voluntary programs and offers access to CarbonClick’s self-serve platform. This platform includes features such as project portfolio selection, real-time reporting, and analytics, ensuring transparency and ease of use.

CEO of CarbonClick Dave Rouse said, "By diversifying our offering and including advanced credits like SAF, we provide another step for our customers to decrease their emissions. This partnership accelerates the aviation sector's journey to net-zero, ensuring a smooth process with transparent, credible results."

The collaboration aims to bolster trust in the carbon credit market through a rigorous selection process, combining the strengths of both companies and adhering to CarbonClick’s 7-Point Impact Check, the statement said, adding that this assures customers that they are receiving the highest quality credits available.

CarbonClick has already collaborated with major aviation entities like Etihad Airways and Manchester Airports Group for aviation decarbonization as SCB serves clients such as Saxon Air and Luxembourg Airport.

Platts, part of S&P Global Commodity Insights, assessed SAF production costs in Southeast Asia at $1,708.45/t Oct. 8, up $3.64/t from the previous day.