Multi-state coalition calls on Treasury to switfly adopt GREET for SAF tax credits

March 21, 2024 |

In Washington, a multi-state coalition of biofuel and farm advocates called on President Biden’s Treasury Department to swiftly resolve any questions standing in the way of efforts to scale up U.S. production of Sustainable Aviation Fuel (SAF). Specifically, they urged the administration to quickly adopt the U.S. Department of Energy’s GREET model for the calculation of SAF tax credits (40B) under the Inflation Reduction Act – completing a process that was originally scheduled to conclude by March 1.

“We are disappointed that the administration did not fulfill its commitment to release a modified GREET model by March 1, but we appreciate the importance of getting the modeling right,” wrote 26 organizations across 13 states, including the Renewable Fuels Association, Clean Fuels Alliance America, Growth Energy, National Corn Growers Association, National Farmers Union and the National Oilseed Processors Association. “At the same time, we caution against contradictory changes to GREET that would stack unwarranted penalties on agricultural feedstocks, cut rural America out of a promising green energy market, and undermine any realistic path to achieving U.S. SAF goals.”

SAF advocates emphasized the availability of well-established methodologies for certifying climate smart agriculture (CSA) practices, in contrast to speculative and unverifiable penalties for indirect land use change (ILUC) favored by opponents of U.S. agriculture.

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Category: Policy

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