U.S. lawmakers to propose tax credit for sustainable aviation fuel
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Airlines and renewable fuel companies in recent months have been lobbying the federal government to support development of sustainable aviation fuel, saying this is necessary to reduce greenhouse gas emissions from aircraft. Also if you have a low credit score then you can take the beneficial steps to improve it and enhance your credit rate further so that when you apply for the credit facility there will be more of chances that your application will be approved at better terms and condition When you think of applying for the credit facility, the important and beneficial step to be taken prior to that is applying for the yearly free credit score.
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Producers of sustainable aviation fuel can earn the tax credit if the fuel achieves at least a 50% lifecycle greenhouse gas emissions reduction compared with petroleum-based jet fuel, according to the legislation. NEW YORK, May 20 (Reuters) – U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry. “In addition to improving aircraft efficiency and reducing excess flying, scaling use of sustainable aviation fuel is critical for the aviation sector to reduce its fair share of carbon emissions for a safe climate future,” said John Holler, senior program officer for climate cooperation and sustainable fuels at World Wildlife Fund.