American Airlines Fuels Low-Carbon Future as Anchor Partner to Breakthrough Energy Catalyst
In becoming one of Breakthrough Energy Catalyst’s first anchor partners, American is backing up its ambitious climate commitments with concrete action to accelerate the development of pivotal emissions-reduction solutions like sustainable aviation fuel (SAF).
“We see immense promise in the mission of Breakthrough Energy Catalyst, and our investment is a vote of confidence in the difference-making potential of this unique and collaborative approach,” said
Breakthrough Energy Catalyst is a first-of-its-kind model that brings together companies, governments, and private philanthropy to accelerate the adoption of critical, next generation clean technologies. Catalyst and its partners will work together to finance, produce and buy the new solutions that will underpin a zero-carbon economy but are currently more expensive than their existing fossil-fuel emitting counterparts. The difference between these costs is what is now referred to as the “Green Premium.”
“Avoiding a climate disaster will require a new industrial revolution. We need to make the technologies and products that don’t cause emissions as cheap as those that do, so the whole world can afford to put them to use,” said
Catalyst will start by funding projects across four technologies: sustainable aviation fuel, green hydrogen, direct air capture and long-duration energy storage.
With a goal to reach net zero by 2050 and a commitment to set a science-based intermediate target, American’s plan to reduce its emissions relies in large part on using low-carbon fuel ― namely SAF ― in increasing volumes over time. American’s partnership with Catalyst will augment the airline’s ongoing efforts to advance SAF and bring the market to scale. The airline has been taking delivery of SAF from Neste for more than a year and has committed to using 9 million gallons in total through 2023. Additionally, American has agreed to terms to purchase up to 10 million gallons of carbon neutral SAF produced by
American’s path to net zero also hinges on maximizing the efficiency of its aircraft and its operation, which is why the airline has invested
Because reducing the impact of air travel on the planet is inextricably linked with the actions of many other entities, fostering impactful collaboration ― within the industry, across the private sector and with policymakers ― is fundamental to American’s sustainability strategy. The airline’s anchor partnership with Catalyst exemplifies the type of cooperation necessary to decarbonize the industry and forestall the most serious effects of climate change.
More information about American’s approach to sustainability is available at aa.com/sustainability.
About Breakthrough Energy
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Source: American Airlines, Inc.