For the UK we would need to switch half of our agricultural land to growing feedstock in order to switch to SAF.
https://eandt.theiet.org/content/articles/2023/02/uk-would-h...
Lufthansa, at least - when I checked - made no such claim. I reviewed their compensaid site thoroughly (afraid it's just greenwashing), and their communication seems very honest.
This is exactly what this industry is doing.
Source: https://www.iata.org/en/programs/environment/sustainable-avi...
I guess it's reasonable to claim that it's sustainable if it's part of a cycle rather than just being a source of CO2 dug straight out of the ground. We still have a way to go with carbon capture but this feels like an improvement over the current fuels.
There are other benefits, CO2 is not the only greenhouse gas around, and conventional Jet-A releases non-CO2 emissions into the atmosphere. SAF has stricter requirements as to what sort additives are allowed based on each chemicals specific burn profile.
In practice it's rather more complex than that.
An essential detail: the CO2 would have been back in the atmosphere soon, regardless of its use. We need less CO2 in the atmosphere, regardless of who, what, when, or how it got there or how it's removed.
The method of capture doesn't matter. Atmospheric carbon capture devices would be just as good, if they worked efficiently.
If you capture CO2 in a way that would keep it from the atmosphere long-term, then releasing it again is obviously not a good idea.
If you grow corn, you capture CO2. But the corn will soon die and (if I understand correctly) release the CO2 again, so you might as well use the corn for your fuel and release the CO2 that way.
However: If you plant a field with corn for fuel instead of with longer term carbon capture options (e.g., certain types of trees), it seems like a loss. It's better than digging up CO2 that's already stored long term (fossil fuels) and adding it to the atmosphere, but that's not good enough. We need to get CO2 out of the atmosphere.
Similarly, burning wood/biomass for heating is considered roughly carbon neutral, as opposed to coal or natural gas.
Biofuels made from plants are rereleasing carbon that the plants collected. They're more or less carbon neutral, assuming the existence of more plants growing. Biofuels won't help remove the excess carbon from the atmosphere, but they certainly can help mitigate the rapid bleeding by cutting down on fossil fuel use.
This is especially important for aviation, where the usage of batteries is almost certainly impossible for practical use.
Of course, the ideal thing to do is remove carbon from the atmosphere and not use it. But getting to net zero first is necessary.