BOEING, Archer-Daniels-Midland, Delta Air Lines and other companies are urging Treasury Secretary Janet Yellen to back a tax policy they say is needed to build a thriving US industry for green jet fuel, reports Bloomberg.
Their letter to Ms Yellen, signed by 70 companies, is the latest salvo in a lobbying fight over how to monitor carbon dioxide emissions in sustainable aviation fuel (SAF).
Biofuel producers and airlines are pushing for SAF tax rules under climate law that would track emissions through an approach already used by the US Energy Department.
Any new model would risk further delay, they warn, adding that a rival approach out of the United Nations - which is being encouraged by fuel retailers and environmentalists - is too outdated and lacks flexibility.
'Modeling uncertainty today is a multi-year development problem due to the buildout schedules of SAF production facilities,' the companies wrote. 'We underscore the urgency for providing clarity on this issue as soon as possible.'
Biofuel makers say without what their preferred model for measuring carbon from the SAF supply chain, the market will lack signals needed to slash aviation emissions and spur new technologies and jobs.
SeaNews Turkey
Their letter to Ms Yellen, signed by 70 companies, is the latest salvo in a lobbying fight over how to monitor carbon dioxide emissions in sustainable aviation fuel (SAF).
Biofuel producers and airlines are pushing for SAF tax rules under climate law that would track emissions through an approach already used by the US Energy Department.
Any new model would risk further delay, they warn, adding that a rival approach out of the United Nations - which is being encouraged by fuel retailers and environmentalists - is too outdated and lacks flexibility.
'Modeling uncertainty today is a multi-year development problem due to the buildout schedules of SAF production facilities,' the companies wrote. 'We underscore the urgency for providing clarity on this issue as soon as possible.'
Biofuel makers say without what their preferred model for measuring carbon from the SAF supply chain, the market will lack signals needed to slash aviation emissions and spur new technologies and jobs.
SeaNews Turkey