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Greenhouse Gas Emissions Aviation Industry

Jones Day

UK's Climate Change Committee Publishes Seventh Carbon Budget

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The UK's Climate Change Act 2008 requires the UK government to set five-year carbon budgets that cap total greenhouse gas ("GHG") emissions. The UK is currently operating within its Fourth Carbon Budget, which covers the...more

Bracewell LLP

Sustainable Aviation Fuel: An Overview of the Current Regulatory Landscape in the UK, EU And USA

Bracewell LLP on

We have set out below an overview of the current regulatory frameworks governing Sustainable Aviation Fuel (SAF) in the key jurisdictions of the UK, EU and USA. SAF has emerged as a critical component in the global drive...more

Vedder Price

Global Transportation Finance Newsletter: September 2024

Vedder Price on

SAF: Understanding Lifecycle Emissions - The Executive Summary to the International Air Transport Association’s (IATA) Net Zero Roadmaps1 acknowledges that aviation is “one of the hardest sectors to decarbonize” but notes...more

Bracewell LLP

PRG Pulse 2024 Post-Election Analysis: Energy and Environmental Policy

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A second Trump administration is expected to prioritize “energy dominance,” focusing on expanding oil and gas, reducing regulations, and increasing drilling, especially with Republican-led committees in Congress likely...more

K&L Gates LLP

Carbon Quarterly – Volume 9

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Carbon Quarterly is a newsletter covering developments in carbon policy, law, and innovation. No matter your views on climate change policy, there is no avoiding an increasing focus on carbon regulation, resiliency planning,...more

Cadwalader, Wickersham & Taft LLP

Cadwalader Climate - August 2024

In this week’s edition, we discuss a Colombian court’s ruling in favor of an indigenous community who challenged the legality of a carbon credit project and a letter written by environmental activist groups to 71 airlines...more

Vinson & Elkins LLP

California’s Proposed Aviation Fuel Penalties May Change Aviation Economics and be a Boon for SAF Producers

Vinson & Elkins LLP on

In a potentially significant development that may impact the economics of aviation, the California Air Resources Board (“CARB”) is proposing a policy, as we previewed in January 2024, to update the state’s Low Carbon Fuel...more

Morgan Lewis

Countdown to (Net) Zero: Aviation Industry Aims for Total Carbon Removal by 2050

Morgan Lewis on

The International Air Transport Association (IATA) and its more than 300 airline members have committed to achieving net-zero carbon emissions by 2050, a goal largely driven by the industry’s use and investment in sustainable...more

King & Spalding

Treasury and IRS Issue Additional Guidance on Section 40B Sustainable Aviation Fuel Tax Credit

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Section 40B of the Internal Revenue Code of 1986 (the “Code”) enacted by the Inflation Reduction Act of 2022 (the “IRA”) provides tax credits for each gallon of sustainable aviation fuel (“SAF”) sold or used by a taxpayer...more

Holland & Knight LLP

Guidance, Model Provide Additional Clarity for 40B Sustainable Aviation Fuel Tax Credit

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS released Notice 2024-37 on April 30, 2024, regarding the Sustainable Aviation Fuel (SAF) Tax Credit found at Section 40B of the Internal Revenue Code as an income tax credit and...more

King & Spalding

IRS and Treasury Issue Guidance on Section 40B Sustainable Aviation Fuel Credit

King & Spalding on

Section 40B of the Internal Revenue Code of 1986 (the “Code”) enacted by the Inflation Reduction Act of 2022 (the “IRA”) provides credits for each gallon of sustainable aviation fuel (“SAF”) sold or used by a taxpayer before...more

Holland & Knight LLP

IRS, Treasury Department Release New Section 40B Sustainable Aviation Fuel Credit Guidance

Holland & Knight LLP on

The IRS and U.S. Department of the Treasury released on Dec. 15, 2023, Notice 2024-06 regarding Section 40B of the Internal Revenue Code. Effective for fuel mixtures sold or used after Dec. 31, 2022, and before Jan. 1, 2025,...more

Holland & Knight LLP

$300 Million for FAST-SAF Grants Now Open

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The Federal Aviation Administration (FAA) announced $300 million in funding for projects to help the aviation sector reach net-zero emissions by 2050. The application window is now open for $245 million in Fueling Aviation's...more

Bennett Jones LLP

A Roadmap to Building a SAF Supply Chain in Canada

Bennett Jones LLP on

The Canadian Council for Sustainable Aviation Fuels (C-SAF) recently launched a Roadmap for the country's aviation sector to remain competitive as it transitions to a net-zero future by 2050. C-SAF also published yesterday an...more

Bergeson & Campbell, P.C.

GAO Recommends Agencies Track Progress toward Federal Sustainable Aviation Fuel Goals

The U.S. Government Accountability Office (GAO) publicly released a report on March 27, 2023, entitled Sustainable Aviation Fuel: Agencies Should Track Progress toward Ambitious Federal Goals. According to GAO, sustainable...more

Morgan Lewis - Power & Pipes

Key Strategies to Decarbonize the Transportation Sector

The Biden administration released the US National Blueprint for Transportation Decarbonization (Blueprint) on January 10, 2023, setting forth a strategy for decarbonizing the transportation sector in order to achieve the...more

Bennett Jones LLP

Sustainable Aviation Fuel and Decarbonizing Canada's Aviation Industry

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The Canadian aviation industry is expanding efforts to tackle climate change and reduce greenhouse gas (GHG) emissions. While the aviation industry is responsible for only 3 percent of Canada’s overall annual GHG emissions,...more

Akin Gump Strauss Hauer & Feld LLP

FAA Proposes New Fuel Efficiency Standards for Large Aircraft Flying in the United States

On June 15, 2022, the Federal Aviation Administration (FAA) issued a proposed rule that would require large aircraft flying in the United States’ airspace to satisfy enhanced fuel efficiency standards. The proposal,...more

Foley Hoag LLP - Energy & Climate Counsel

White House Push for Increase in Sustainable Aviation Fuel

The White House has taken a strong stance in expanding the production and use of Sustainable Aviation Fuel (SAF) to reduce carbon emissions in the aviation industry. SAFs are liquid hydrocarbon fuels that are blended into the...more

Morgan Lewis

Transportation Industry Looks to Hit Net Zero Emissions

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Governments around the world have been committing recently to the greening of the transportation industry with a variety of net zero emission targets, funding proposals, and potential penalties and taxes....more

Akin Gump Strauss Hauer & Feld LLP

Developments in Emissions Trading in the U.K. and EU

As the delegates of the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) (COP26) return from two hard weeks in Glasgow, significant progress has been made on establishing...more

Akin Gump Strauss Hauer & Feld LLP

Transport Day at COP26—Key Events

Today during Transport Day at COP26, we highlight some of the key events taking place in Glasgow across the broad reaches of the transportation sector to reduce greenhouse gas (GHG) emissions and implement more sustainable...more

Jones Day

Sustainability in Aviation: Significant Efforts Underway to Reduce Greenhouse Gas Emissions

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The aviation industry, including air carriers and aircraft manufacturers, has taken significant steps toward increasing the environmental sustainability of the industry. Overall, many airlines have demonstrated a commitment...more

BCLP

Carbon pricing in the UK/Europe: ETS and CORSIA developments

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Operators in the aviation sector and the ‘stationary sectors’ (power generation, energy intensive industries, etc.) should note that the environmental regulatory framework for carbon pricing and emissions trading in the...more

Beveridge & Diamond PC

Prepared for Takeoff: EPA Finalizes First-Ever Domestic Greenhouse Gas Standards for Aircraft

The Environmental Protection Agency (EPA) has adopted the first-ever Clean Air Act (CAA) aircraft emission standards for greenhouse gases (GHGs), assuring the worldwide acceptance of U.S. manufactured airplanes and airplane...more

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