Manila, June 15 -- The Civil Aviation Authority of the Philippines (CAAP) has inked a memorandum of understanding with two partners to accelerate the development of sustainable aviation fuel (SAF).

SAF is made up of renewable waste and raw materials, such as used cooking oil and animal fat waste. The use of SAF results in up to 80 percent reduction in carbon emission.

CAAP, in a statement Monday, said it signed a deal with Island Skies Alliance (ISA) for the development of a national SAF ecosystem through stakeholder coordination, pilot projects, capacity-building programs, carbon market initiatives, and private sector engagement.

It also signed a deal with the Global Green Growth Institute (GGGI) for technical assistance, policy deve...