Biden renews push for sustainable aviation fuel tax credit
2022.04.13 00:11
FILE PHOTO: U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasoline prices, during remarks in the Eisenhower
(Reuters) – U.S. President Joe Biden on Tuesday made a new push for new tax credits for sustainable aviation fuel, a key part of reducing carbon emissions from air travel.
Biden last year called for tax incentives for low carbon jet fuel, made from waste and vegetable oils as part of a spending package that is stalled in Congress. The White House is targeting 20% lower aviation emissions by 2030 and those incentives are crucial to making the fuel competitive.
“We brought together the government agencies, aircraft manufacturers, airlines, fuel producers, airports,” Biden said at an event Iowa, arguing the push would result in “advanced, cleaner and more sustainable fuels for American aviation.”
