News

IDB Launches Initiative to Support Sustainable Aviation Biofuels

8 June 2011: The Inter-American Development Bank (IDB) has launched an initiative to support the development of a sustainable biojet fuels industry employing different kinds of local organic feedstock.

The initiative will fund consultancy services, knowledge development, dissemination material and workshops on the sustainable use and production of biojet fuels, with the goal of demonstrating their feasibility for the local aviation sector, and for potential exports.

IDB will partner with the International Civil Aviation Organization (ICAO), the Commercial Aviation Alternative Fuels Initiative, and the World Economic Forum (WEF), individual airlines, aircraft manufacturers and biofuel technology providers to implement explore and develop technologies that will produce feasible substitutes to traditional fuels in the aviation sector. For example, the initiative will apply sustainability criteria and standards to renewable biojet fuels derived from one or more feedstocks (sugarcane, jatropha, african palm, among others to be defined), with benchmarking of two major sustainability standards: the Better Sugarcane Initiative (BSI) and the Roundtable for Sustainable Biofuels (RSB), and a comparison with the IDB biofuels sustainability scorecard. [IDB Press Release] [IDB Biofuels Sustainability Scorecard]