WASHINGTON, D.C. — This week, CEO Emily Skor highlighted the biofuel trade’s perspective on the way forward for sustainability and clear vitality throughout two high-profile boards in Washington D.C.
On November 14, Skor joined lawmakers and trade leaders, together with Argonne Nationwide Laboratory Director Paul Kearns, at Tech for Local weather Motion’s U.S. Clear Vitality Transition Convention, the place she mentioned the position biofuels play in our nation’s local weather technique, notably in terms of Sustainable Aviation Gasoline (SAF).
“We’re working very arduous to be sure that biofuels play the necessary position that they need to play in our nationwide quest to get to a net-zero economic system in 2050,” stated Skor. “Final yr, the U.S. produced 16 million gallons of Sustainable Aviation Gasoline. Lots of you might be hopefully acquainted – the Biden administration has the SAF Grand Problem, which commits the U.S. to producing three billion gallons by 2030. So sure, you probably did the arithmetic appropriately. We’ve obtained to go from 16 million to 3 billion in seven quick years, in order that in fact requires some fairly exponential progress.”
New markets for SAF and carbon discount have been additionally a sizzling matter at POLITICO’s vitality discussion board titled “The Sustainable Future: Driving Towards Clear Gasoline,” the place she was joined by different clear vitality advocates from Residents for Accountable Vitality Options (CRES) and American Council on Renewable Vitality (ACORE). The panel, sponsored by Client Reviews, additionally featured Rep. Paul Tonko (D-NY) and Division of Vitality Deputy Assistant Secretary for Sustainable Transportation & Fuels Michael Berube.
In the course of the occasion, Skor emphasised the significance of certainty within the administration’s implementation of the tax code, particularly in terms of attaining U.S. targets for decarbonizing aviation. Since passage of the Inflation Discount Act, Progress Vitality has labored alongside airways and different stakeholders to push the U.S. Inner Income Service (IRS) to undertake the perfect accessible science – Argonne Nationwide Lab’s Greenhouse Gases, Regulated Emissions, and Vitality Use in Transportation (GREET) Mannequin – for calculating tax incentives on SAF and different fuels.
“Sustainable Aviation Gasoline – it is a entire new frontier for us, as a rustic and actually as a world,” she stated. “The tax credit solely take us via 2027, so the investments required – it’s a whole lot of tens of millions of {dollars} in funding. And so, in the event you’re going to try this, the tax credit score helps a bit bit, however you’ve obtained to have that enterprise certainty.”
###
