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Balanced Reporting. Trusted Insights.
Wednesday, April 02, 2025
In this opinion piece, Harold Wolle, president of the National Corn Growers Association, urges President Biden to consider the value of farmers to combat climate change with the aviation sector and explains why GREET, as originally designed, is the best model for determining GHG reductions from biofuels.
The Treasury Department on Friday released guidance on a new tax credit for sustainable aviation fuel that will allow agricultural commodities to qualify as SAF feedstocks under an updated version of the Energy Department’s relatively ag-friendly model for calculating the carbon intensity of biofuels, administration officials say.
Even as the airlines struggle to figure out how to pay for the high cost of reducing their carbon footprint, there is significant uncertainty about the political future of fledgling tax incentives that are supposed to reduce the high cost of producing sustainable aviation fuel.