THE expansion of green jet fuels could suffer a significant set-back under president-elect Donald Trump, according to aviation officials, who fear the reversal of tax credits needed to kick-start the sector.
The comments by members of airlines trade body IATA and American Airlines at an airlines industry conference in London are among the first assessments of what a trump presidency could mean for nascent clean jet fuels, reports Reuters.
'There are these big potential risks on what the Trump policy is actually going to be and how this really affects everybody's motivation to pursue climate change,' Marie Owens Thomsen, chief economist for airlines trade body IATA, told Reuters.
The 2022 US Inflation Reduction Act contains hundreds of billions of dollars in subsidies for clean energy and is billed as outgoing President Joe Biden's signature law to combat climate change.
President-elect Donald Trump, a climate sceptic, has vowed to rescind it, something that would require the support of Congress.
As it stands, sustainable aviation fuel makes up only around 1 per cent of the world's jet fuel usage, with experts saying the production rate of the green fuel needs to grow quickly for the sector to achieve a goal of net zero carbon emissions by 2050.
Trump's incoming administration could have the opposite effect.
'The market needs certainty in terms of building up their reservoir,' said Ronce Almond, American Airlines' head of intergovernmental affairs, during the recent airlines industry conference in London.
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The comments by members of airlines trade body IATA and American Airlines at an airlines industry conference in London are among the first assessments of what a trump presidency could mean for nascent clean jet fuels, reports Reuters.
'There are these big potential risks on what the Trump policy is actually going to be and how this really affects everybody's motivation to pursue climate change,' Marie Owens Thomsen, chief economist for airlines trade body IATA, told Reuters.
The 2022 US Inflation Reduction Act contains hundreds of billions of dollars in subsidies for clean energy and is billed as outgoing President Joe Biden's signature law to combat climate change.
President-elect Donald Trump, a climate sceptic, has vowed to rescind it, something that would require the support of Congress.
As it stands, sustainable aviation fuel makes up only around 1 per cent of the world's jet fuel usage, with experts saying the production rate of the green fuel needs to grow quickly for the sector to achieve a goal of net zero carbon emissions by 2050.
Trump's incoming administration could have the opposite effect.
'The market needs certainty in terms of building up their reservoir,' said Ronce Almond, American Airlines' head of intergovernmental affairs, during the recent airlines industry conference in London.
SeaNews Turkey
