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  "documentTitle": "Financing Sustainable Aviation Fuels (with Kearney)",
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  "authorName": "Kearney",
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  "notes": "The slide uses a structured layout to explain the strategic application of public grants for early-stage SAF projects.",
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      "kind": "callout",
      "text": "Grants work well as they are non-repayable and give SAF producers freedom in how they use the funds to achieve project objectives.",
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      "text": "For the recipient, grants work well as they are non-repayable and are usually available for a broad range of activities. This gives SAF producers freedom in how they use the funds to achieve project objectives. While grants are non-repayable, they come with accountability measures such as reporting and performance evaluations to allow governments to track the impact of their investments.",
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      "text": "Governments and, sometimes, philanthropies can provide critical funding for early-stage, high-risk SAF technologies. This type of investment is critical as the risk profile is too high for most other investors such as institutional investors, industry players and commercial banks. Their support is most often in the form of research or innovation grants.",
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      "text": "The first three levers in attracting finance presented below are related to public funding. Levers four to six are directed more towards the wider industry ecosystem that can help bridge between public and institutional investors. Levers 7-10 are directed towards attracting higher-capital, lower-risk types of investment.",
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      "text": "Funding Source: Public, Industry, Institutional. Pathways: HEFA (Low), Alcohol-to-Jet (High), G-FT (High), Power-to-Liquid (High). Lifecycle: Pre-feasibility (High), Feasibility+FEED (High), FID (High), Construction (Low), Commissioning (Low).",
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      "text": "Lever 1: Apply for research/innovation grants to develop first-of-a-kind facilities",
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