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The Treasury Department released long-awaited guidance for a new tax credit for sustainable aviation fuel. Ethanol-derived SAF would be eligible as long as the corn is produced with three climate-smart farming practices.
The Biden administration is expected to announce key updates this week to its carbon-intensity scoring for sustainable aviation fuel this week, while lawmakers are struggling to break a partisan impasse over a new farm bill that Republicans are determined to move through the House Ag Committee in May.
The latest outbreak of highly avian pathogenic influenza has now claimed a large layer operation owned by the nation’s largest egg producer, Cal-Maine Foods. Nearly 2 million birds will be killed at the Texas operation, the company said Tuesday.
The biofuel industry is eagerly awaiting the Biden administration’s update of a model that will be used to measure the carbon intensity of sustainable aviation feedstocks and determine their eligibility for a valuable new tax incentives. But industry officials caution that the update is only one in several policy actions that will be needed to get SAF production off the ground.
Lawmakers have until Friday to pass the first of their fiscal 2024 spending bills, including the measure needed to fund USDA, or they’ll have to pass another stopgap spending measure to avert a partial shutdown of the government. The Biden administration also is scheduled to announce a critical update of the GREET model that’s used to measure the carbon intensity of biofuels.