Growth Energy, the largest biofuel trade association in the U.S., has commended a bipartisan group of lawmakers for advocating the inclusion of American biofuel producers in the Inflation Reduction Act (IRA) tax credits. This support is channeled through urging the Biden administration to finalize revisions to the Department of Energy’s Greenhouse Gases, Regulated Emissions, and Energy Use in Technologies (GREET) model.
The lawmakers’ efforts are particularly significant as the deadline for the final version of the Sustainable Aviation Fuel (SAF) tax credit under the IRA approaches on March 1. Growth Energy CEO Emily Skor praised this initiative, highlighting GREET's accuracy and comprehensive approach to accounting for climate-smart innovations in agriculture across America. Skor emphasized the model's potential to deliver environmental benefits and bolster the rural economy through American-made sustainable aviation fuel.
Skor also expressed gratitude to the bipartisan group of lawmakers for their commitment to supporting biofuel producers and farm partners and for advocating the use of sound science in awarding IRA tax credits. This legislative support is seen as a crucial step in ensuring that biofuel producers are recognized and rewarded for their contributions to sustainable energy practices.
