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Sustainable Aviation Fuel Act
12/15/2023, 3:57 PM
Summary of Bill HR 2747
The main goal of the Sustainable Aviation Fuel Act is to reduce the carbon footprint of the aviation industry by encouraging the use of cleaner, more environmentally friendly fuels. The bill includes provisions for research and development funding, tax incentives, and grants to support the production and distribution of sustainable aviation fuels.
Supporters of the bill argue that transitioning to sustainable aviation fuels will help reduce greenhouse gas emissions, improve air quality, and create new economic opportunities in the renewable energy sector. Critics, however, raise concerns about the cost and feasibility of implementing such a transition on a large scale. Overall, the Sustainable Aviation Fuel Act represents a bipartisan effort to address the environmental impact of the aviation industry and promote the use of cleaner, more sustainable fuels. It is currently being debated in Congress, with stakeholders from both the public and private sectors weighing in on its potential benefits and challenges.
Congressional Summary of HR 2747
Sustainable Aviation Fuel Act
This bill establishes targets and standards for reducing greenhouse gas emissions from airplane flights and provides incentives for the production and use of sustainable aviation fuel.
Specifically, this bill establishes a national goal to achieve a net 35% reduction in greenhouse gas emissions from flights by 2035 and net zero emissions by 2050.
The Environmental Protection Agency (EPA) must establish a low carbon fuel standard for aviation fuels. Under the standard, the EPA must set annual targets in order to reduce certain greenhouse gas emissions associated with aviation fuel by at least (1) 20% by 2030, and (2) 50% by 2050.
Beginning in FY2025, the Department of Defense must make a bulk purchase of an amount of sustainable aviation fuel that is not less than 10% of the total amount of aviation fuel procured for operational purposes.
Additionally, the Department of Transportation must implement a program that offers grants and cost-sharing agreements for projects to produce, transport, blend, or store sustainable aviation fuel. The projects must be located in the United States.
Finally, the bill provides tax credits for the production of sustainable aviation fuel.
