{"id":25512,"date":"2022-08-10T17:12:20","date_gmt":"2022-08-10T11:42:20","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=25512"},"modified":"2022-08-10T17:15:31","modified_gmt":"2022-08-10T11:45:31","slug":"us-senate-passes-bills-with-sustainable-aviation-fuels-clean-fuel-and-hydrogen-tax-credits","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/08\/10\/us-senate-passes-bills-with-sustainable-aviation-fuels-clean-fuel-and-hydrogen-tax-credits\/","title":{"rendered":"US senate passes bills with sustainable aviation fuels,  clean fuel and hydrogen tax credits"},"content":{"rendered":"\n<p><strong>Leading US aviation industry experts have welcomed new tax incentives which will encourage the adoption of sustainable aviation fuels (SAF).<\/strong> <\/p>\n\n\n\n<p><em>The Inflation Reduction Act of 2022,&nbsp;approved by the US senate on Monday, will aim to address the ongoing inflation crisis by allocating $369 billion to reducing greenhouse gas emissions and investing in renewable energy.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sustainable-aviation-fuels\">Sustainable aviation fuels<\/h2>\n\n\n\n<p>Under the new bill, airlines will be provided with a $1.25 per gallon tax credit for each gallon of <a href=\"https:\/\/scholar.google.co.in\/scholar?q=sustainable+aviation+fuels+(SAF).&amp;hl=en&amp;as_sdt=0&amp;as_vis=1&amp;oi=scholart\" target=\"_blank\" rel=\"noreferrer noopener\">SAF <\/a>sold. sustainable aviation fuels (SAF) producers will have to demonstrate that their fuels can help cut greenhouse gas (GHG) emissions by 50 percent as part of a qualified mix compared to regular jet fuel.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/08\/bnr-web-aviation-biofuel-1024x400.webp\" alt=\"\" class=\"wp-image-25515\" width=\"1034\" height=\"404\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/08\/bnr-web-aviation-biofuel-1024x400.webp 1024w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/08\/bnr-web-aviation-biofuel-600x234.webp 600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/08\/bnr-web-aviation-biofuel-300x117.webp 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/08\/bnr-web-aviation-biofuel-768x300.webp 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/08\/bnr-web-aviation-biofuel-1536x600.webp 1536w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/08\/bnr-web-aviation-biofuel-750x293.webp 750w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/08\/bnr-web-aviation-biofuel-1140x445.webp 1140w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/08\/bnr-web-aviation-biofuel.webp 1920w\" sizes=\"(max-width: 1034px) 100vw, 1034px\" \/><figcaption><strong>Sustainable aviation fuels | Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>The National Air Transportation Association (NATA) and the National Business Aviation Association (NBAA) have both offered their support for their bill.<\/p><\/blockquote><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-national-air-transportation-association\">National Air Transportation Association <\/h2>\n\n\n\n<p><a href=\"https:\/\/www.nata.aero\/\" target=\"_blank\" rel=\"noreferrer noopener\">NATA <\/a>released a report on Sunday saying the five-year tax provision will be a good incentive for producing renewable jet fuel and accelerating the industry\u2019s progress to net-zero carbon emissions.<\/p>\n\n\n\n<p>\u201cThe SAF tax credits\u2026are a crucial first step toward meeting the Biden administration\u2019s SAF Grand Challenge goal of three billion gallons of domestically produced SAF by 2030,\u201d told National Air Transportation Association (NATA) president and CEO Timothy Obits.<\/p>\n\n\n\n<p><strong>Also, read   <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong><a href=\"https:\/\/aviationa2z.com\/index.php\/2022\/05\/12\/boeing-and-aiesl-announce-partnership-for-the-maintenance-of-b777-aircraft-used-by-vvips\/\" target=\"_blank\" rel=\"noreferrer noopener\">Boeing and AIESL announce partnership for the maintenance of B777 aircraft used by VVIPs<\/a>                 <\/strong><\/li><li><strong><a href=\"https:\/\/aviationa2z.com\/index.php\/2022\/08\/10\/air-india-revenue-increases-by-64-and-net-loss-of-inr-9556-5-crore-in-the-fiscal-year-2022-exclusive\/\" target=\"_blank\" rel=\"noreferrer noopener\">Air India revenue increases by 64% and net loss of INR 9,556.5 crore in the fiscal year 2022 | EXCLUSIVE<\/a>            <\/strong><\/li><li><strong><a href=\"https:\/\/aviationa2z.com\/index.php\/2022\/04\/26\/dgca-asks-air-india-to-repair-aircraft-after-passenger-complains-of-shabby-interiors\/\" target=\"_blank\" rel=\"noreferrer noopener\">DGCA asks Air India to repair aircraft after passenger complains of shabby interiors<\/a><\/strong><\/li><\/ul>\n\n\n\n<p>National Air Transportation Association (NATA) applauds the US Senate for taking action to incentivize SAF production, and we encourage Congress to work just as diligently to equip federal agencies, including EPA, with the necessary tools to support SAF production in line with industry needs,\u201d<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>Ed Bolen, president, and CEO of NBAA&nbsp;iterated similar enthusiasm&nbsp;saying that the bill is an important stepping stone for SAFs.<\/p><\/blockquote><\/figure>\n\n\n\n<p>\u201cEstablishing a robust federal tax credit for SAF is the single most important thing policymakers can do to raise production and availability,\u201d told Bolen.<\/p>\n\n\n\n<p>\u201cThrough the Business Aviation Commitment on Climate Change, our industry has pledged to achieve net-zero CO2 emissions by 2050, and boosting the availability of SAF at general aviation airports is crucial to achieving our goal.\u201d<\/p>\n\n\n\n<p>The aerospace industry has been continually raving about the prospects of Sustainable Aviation Fuels being adopted as airlines look to curve their carbon emissions. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"800\" height=\"600\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/05\/aviation.jpg\" alt=\"\" class=\"wp-image-20372\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/05\/aviation.jpg 800w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/05\/aviation-600x450.jpg 600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/05\/aviation-300x225.jpg 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/05\/aviation-768x576.jpg 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/05\/aviation-750x563.jpg 750w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption><strong>Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n<p><br>As Tommaso Baliani&nbsp;explained for Travel Radar, SAFs are bio-fuels with a very similar chemical structure to the traditional aviation jet fuel, but it with 80% lower carbon emissions.<\/p>\n\n\n\n<p><em><strong>They are produced by processing operated cooking oil, feedstock, and miscellaneous byproducts of many different productions from different industries that process organic products, other than products from the so-called \u201cenergy crops.\u201d<\/strong><\/em><br><\/p>\n\n\n\n<p><strong>Thank you<\/strong><\/p>\n\n\n\n<p><strong>Stay updated with Aviationa2z.com<\/strong><\/p>\n\n\n\n<p><strong>Join our Telegram group for the latest updates<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading US aviation industry experts have welcomed new tax incentives which will encourage the adoption of sustainable aviation fuels (SAF). 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