NATSO Statement on Department of Treasury Guidance for Implementation of Sustainable Aviation Fuel Tax Credit
ALEXANDRIA, Va., Dec. 15, 2023 – NATSO and SIGMA: America’s Leading Fuel Marketers issued the following statement today in response to the Department of the Treasury’s guidance document governing the implementation of the sustainable aviation fuel (SAF) blenders’ tax credit. The following statement can be attributed to David Fialkov, Executive Vice President of Government Affairs for NATSO and SIGMA.
“The truck stop, fuel marketing, trucking and rail industries along with the environmental community have long observed that the present statutory language of the sustainable aviation fuel tax credit does not create a pathway for applying the current GREET life-cycle model to SAF. In today’s announcement, the Department of Treasury makes clear that it agrees. As the GREET model is updated in the coming months, we will keep a close eye to ensure that the process is driven by science rather than politics. We imagine that in order to survive judicial review the GREET model would have to be changed substantially if SAF producers want to utilize it to measure their emissions profiles. We look forward to working with policymakers to promote an appropriate balance for incentives in the renewable fuel industry that protect consumers from rising shipping and fuel costs while maintaining emissions standards.”
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