Current location:sport >>
Biden administration details how producers of sustainable aviation fuel will get tax credits
sport5272People have gathered around
IntroductionThe Biden administration spelled out guidelines Tuesday for tax breaks designed to boost production ...
The Biden administration spelled out guidelines Tuesday for tax breaks designed to boost production of sustainable aviation fuel and help curb fast-growing emissions from commercial airplanes.
The Treasury Department actions would clear the way for tax credits for corn-based ethanol if producers follow “climate-smart agriculture practices,” including using certain fertilizers and farming methods.
The announcement was praised by the ethanol industry but got a much cooler reaction from environmentalists.
To qualify, sustainable aviation fuel, or SAF, must cut greenhouse-gas emissions by at least half compared with conventional jet fuel made from oil. Congress approved the credits — from $1.25 to $1.75 per gallon — as part of Biden’s huge 2022 climate and health care bill.
Administration officials said commercial aviation — that is mostly passenger and cargo airlines — accounts for 10% of all fuel consumed by transportation and 2% of U.S. carbon emissions.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Stand news portal”。http://lithuania.shellye-mcdaniel.com/news-77d499505.html
Related articles
US vows more returns of looted antiquities as Italy celebrates latest haul of 600 artifacts
sportROME (AP) — Italy on Tuesday celebrated the return of around 600 antiquities from the U.S., includin ...
【sport】
Read moreSalt powers Kolkata Knight Riders to victory over Lucknow Super Giants in IPL
sportKOLKATA, India (AP) — Opener Phil Salt scored a 47-ball 89 not out in Kolkata Knight Riders’ eight-w ...
【sport】
Read moreBrakes, rear
sportBy Chen Meiling (Chinadaily.com.cn) 14:13, December 15, 2023A preliminary investigation showed that ...
【sport】
Read more
Popular articles
- Federal investigation of former Ohio House speaker ends with no charges filed
- Spread of flu more prevalent than COVID
- Shooting at Baltimore mall sends girl, 7, to hospital
- China offers winter comfort to people in need
- Dakota Johnson puts on a leggy display in a miniskirt and boots as she films new romantic
- China issues yellow alert for blizzards
Latest articles
Saints defensive end Tanoh Kpassagnon sidelined by an Achilles tendon tear
Former senior soccer official pleads guilty to bribe
Senior official of Heilongjiang under investigation
New Year's Day holiday travel plans heating up
Albert Ruddy, Oscar
Qinghai affected by Gansu earthquake, mobilizes multiple personnel
LINKS
- Funding shortfall halts Taranaki Cathedral project
- 2 Laotian teens return home after release from Myanmar scam casino — Radio Free Asia
- With new trilateral partnership, Philippines eyes more foreign investment — Radio Free Asia
- Astronauts from Turkey, Italy and Sweden return to Earth, ending private space station trip
- New WIC rules include more money for fruits and veggies. They also expand food choices
- No joke: UK comedian told to remove hot dog from subway poster over junk food ban
- Former world's oldest dog stripped of title
- What we know about Kate Middleton's cancer diagnosis
- New apps test AI chatbots to help mental health crisis
- Pharmacists now permitted to vaccinate children under 5