STATEMENT: U.S. Treasury Department Issues New Guidance for Sustainable Aviation Fuel Tax Incentives, Boosting High-Emitting Crop-based Biofuels

WASHINGTON (April 30, 2024) — Today the U.S. Department of Treasury released final tax credit guidance for sustainable aviation fuel (SAF) production. The new guidance allows the use of the Greenhouse Gases, Regulated Emissions, and Energy Use in Transportation (GREET) model favored by the ethanol industry to determine the greenhouse gas emissions from aviation fuel production and use.

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