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Reuters: Aviation sector officials warn of Trump effect on green jet fuels
https://www.reuters.com/sustainability/aviation-sector-officials-warn-trump-effect-green-jet-fuels-2024-11-26/Aviation sector officials warn of Trump effect on green jet fuels
By Joanna Plucinska
November 26, 202412:08 PM EST
LONDON, Nov 26 (Reuters) - 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.
…
Europe's airlines sector, which will have to meet a new mandate for use of sustainable aviation fuels starting in 2026, has repeatedly pointed to the IRA as a useful model to encourage investment into the construction of new SAF production plants.
…
As it stands, sustainable aviation fuel makes up only around 1% 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.
…
By Joanna Plucinska
November 26, 202412:08 PM EST
LONDON, Nov 26 (Reuters) - 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.
…
Europe's airlines sector, which will have to meet a new mandate for use of sustainable aviation fuels starting in 2026, has repeatedly pointed to the IRA as a useful model to encourage investment into the construction of new SAF production plants.
…
As it stands, sustainable aviation fuel makes up only around 1% 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.
…