The Biden administration unveiled a long-awaited sustainable aviation fuel plan that appears to provide a path for makers of corn ethanol and other crop-based biofuels to claim valuable tax credits.
The Treasury Department said in a statement Friday that its green jet fuel guidance will include a revised version of the Energy Department’s emissions-measuring method known as GREET, a model for calculating greenhouse gas emissions backed by ethanol makers. The corn-based biofuel industry, which is under pressure to slash its carbon pollution, has worried that without GREET it could be excluded from potentially lucrative subsidies.
US farmers and ethanol producers ...
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