November 26, 2024 13:22 GMT
JET FUEL: Aviation Sector Warns of Trump Impact on SAF
JET FUEL
The expansion of SAF could suffer a significant set-back under president-elect Donald Trump, according to aviation officials, cited by Reuters.
- Their fear is a reversal of tax credits and subsidies in the Inflation Reduction Act which they say are needed to kick-start the sector.
- The comments were made by IATA and American Airlines officials at an airlines industry conference in London.
- Europe’s airlines will need to meet a new mandate for SAF use from 2026 and has repeatedly points at the Inflation Reduction Act as a useful model to encourage SAF investment.
- While existing SAF facilities are likely to continue producing fuel even if support is pulled, any rollback could jeopardise the future of new projects.
- SAF currently comprises just 1% of the world’s jet fuel, with experts saying that its production rate needs to rise quickly for the aviation sector to hit its goal of net zero by 2050.
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