{"id":325085,"date":"2024-05-01T07:47:33","date_gmt":"2024-05-01T05:47:33","guid":{"rendered":"https:\/\/climatescience.press\/?p=325085"},"modified":"2024-05-01T07:47:35","modified_gmt":"2024-05-01T05:47:35","slug":"airlines-launch-effort-backing-green-jet-fuel-tax-credit-that-could-raise-food-prices-for-americans","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=325085","title":{"rendered":"Airlines Launch Effort Backing Green Jet Fuel Tax Credit That Could Raise Food Prices For Americans"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From The Daily Caller<\/a><\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

ROBERT SCHMAD<\/a><\/p>\n\n\n\n

CONTRIBUTOR<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

A coalition of major airlines has formed a group supporting a tax credit pushed by President Joe Biden that experts say could jack up food prices.<\/p>\n\n\n\n

More than 40 companies, including Boeing, American Airlines, JetBlue and United as well as ethanol trade groups, are pushing the federal government to \u201cexpand\u201d existing tax credits for \u201csustainable aviation fuel\u201d (SAF) and to pass legislation to increase the fuel\u2019s availability, Axios\u00a0reported<\/a>. Corn-based ethanol is a common component in SAF and experts previously\u00a0told<\/a>\u00a0the Daily Caller News Foundation that increasing the demand for corn by incentivizing its use in jet fuel could indirectly raise food costs for Americans.\u00a0(RELATED: Biden Admin Unveils Green Jet Fuel Subsidy Rules In Win For Big Corn)<\/a><\/strong><\/p>\n\n\n\n

The Biden administration is reportedly planning to disclose how it will measure eligibility for the SAF tax credit, per recent reports<\/a>.<\/strong> A bipartisan group of senators, many of whom represent states that produce large amounts of corn, sent a letter<\/a> to Treasury Secretary Janet Yellen in June 2023 urging her department to adopt the U.S. Department of Energy\u2019s Greenhouse Gases, Regulated Emissions, and Energy Use in Technologies (GREET) model for calculating SAF tax credits.<\/p>\n\n\n\n

GREET, if adopted, would make it easier<\/a> for ethanol to be deemed sufficiently eco-friendly to qualify for SAF tax credits.<\/p>\n\n\n\n

The SAF credit, created by Biden\u2019s Inflation Reduction Act, provides airliners with a tax credit worth $1.25 for each gallon of SAF contained within a qualifying mixture of jet fuel,\u00a0according<\/a>\u00a0to the Internal Revenue Service. In order to qualify for the credit, the SAF must have a minimum reduction of \u201c50% in lifecycle greenhouse gas emissions,\u201d with additional credit available for fuels offering greater reductions.<\/p>\n\n\n\n

If demand for ethanol increases as a result of the fuel qualifying for tax incentives, Americans could see their grocery bills go up, according to experts.<\/p>\n\n\n\n

Increased ethanol in jet fuel will produce costs \u201cborne by consumers, taxpayers and the environment,\u201d Distinguished McKnight University Professor of Applied Economics and Law at the University of Minnesota C. Ford Runge, previously told<\/a> the DCNF.<\/p>\n\n\n\n

Ethanol production increases the cost of food by making corn more expensive and by increasing the cost of feed used to produce meat, dairy and eggs,\u00a0according<\/a>\u00a0to an Iowa State University policy brief.<\/p>\n\n\n\n

Airlines are pushing to expand the credits at a time when average Americans are struggling to keep up with surging food prices. Food spending as a proportion of income in the U.S. reached its highest point since 1991 in 2022, according<\/a> to the U.S. Department of Agriculture.<\/p>\n\n\n\n

Runge said that ethanol SAF tax credits are \u201cnot going to do much for global warming, but it will do quite a lot to benefit the renewable fuel industry and it will also indirectly benefit corn prices.\u201d<\/p>\n\n\n\n

\"\"
Corn plants struggle to survive in drought-stricken farm fields in Ferdinand, Indiana (REUTERS\/ John Sommers II)<\/figcaption><\/figure>\n\n\n\n

It\u2019s also unclear if SAFs will have any sizable impact on carbon emissions, Stanford University Civil and Environmental Engineering professor Mark Jacobson previously\u00a0told<\/a>\u00a0the DCNF.<\/p>\n\n\n\n

\u201cSAFs are definitely not a climate solution at all, let alone an effective solution,\u201d Jacobson said. \u201cEthanol production from corn increases CO2-equivalent emissions by 0 to 24% relative to gasoline and increases the price of corn (making it more expensive to eat).\u201d<\/p>\n\n\n\n

Increased corn cultivation spurned by increased ethanol production could also further deplete already strained aquifers in America\u2019s heartland, according<\/a> to a New York Times analysis.<\/p>\n\n\n\n

The Treasury Department did not immediately respond to the DCNF\u2019s request for comment.<\/p>\n\n\n\n

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter\u2019s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact\u00a0<\/em>licensing@dailycallernewsfoundation.org<\/a>.<\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

A coalition of major airlines has formed a group supporting a tax credit pushed by President Joe Biden that experts say could jack up food prices.<\/p>\n","protected":false},"author":121246920,"featured_media":325091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691825106,691821627,691818576,691823039,691828423,691818772],"class_list":{"0":"post-325085","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-ethanol","9":"tag-food-prices","10":"tag-inflation-reduction-act","11":"tag-sustainable-aviation-fuel-saf","12":"tag-tax-credit","13":"tag-u-s-president-joe-biden","15":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/image-2.png?fit=1024%2C1024&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1mzj","jetpack-related-posts":[{"id":292867,"url":"https:\/\/climatescience.press\/?p=292867","url_meta":{"origin":325085,"position":0},"title":"\u2018We Never Had A Vote\u2019: Climate Expert Blasts Biden Admin For Bypassing Voters To Impose Green Agenda","author":"uwe.roland.gross","date":"28\/12\/2023","format":false,"excerpt":"Climate Depot executive editor Marc Morano blasted President Joe Biden for bypassing American voters to enact his environmental agenda.","rel":"","context":"In \"Climate change\"","block_context":{"text":"Climate change","link":"https:\/\/climatescience.press\/?tag=climate-change"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Screenshot-2023-12-28-165530.png?fit=1200%2C676&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Screenshot-2023-12-28-165530.png?fit=1200%2C676&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Screenshot-2023-12-28-165530.png?fit=1200%2C676&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Screenshot-2023-12-28-165530.png?fit=1200%2C676&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Screenshot-2023-12-28-165530.png?fit=1200%2C676&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":274024,"url":"https:\/\/climatescience.press\/?p=274024","url_meta":{"origin":325085,"position":1},"title":"The Inflation Reduction Act Is Biden’s Latest Flimflam","author":"uwe.roland.gross","date":"18\/08\/2023","format":false,"excerpt":"It isn\u2019t surprising that President Biden is marking the Inflation Reduction Act\u2019s first anniversary by traveling the country trying to convince voters that the law is working and the economy is getting better. 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