Sustainable aviation fuel leaders are pressing the Biden administration to modernize its carbon measuring model for the biofuel, key to winning tax credits to attract needed investment.
Seventy industry leaders, including major airlines, wrote Treasury Secretary Janet Yellen that the default model to measure sustainable aviation fuel carbon emissions won’t fly because it fails to account for climate-smart feedstock and biorefining practices allowing for tax credits.
Renewable Fuels Association CEO Geoff Cooper.
The biofuels and aviation industries want the administration to apply the Energy Department’s so-called GREET model, not the old model, to measure full life-cycle emissions of sustainable aviation fuel and make it eligible for credits.
Nebraska congressman Adrian Smith on the old model.
Ag Secretary Tom Vilsack told ethanol leaders last month they need to fight for SAF credit eligibility.
Vilsack acknowledged that requires qualifying for credits and said tax guidance for that should be ready by year’s end. The SAF leaders say the Inflation Reduction Act explicitly allows for the use of “any similar methodology” to the existing one to determine SAF credit eligibility.
