The renewable jet fuel tax credit is problematic – Greeley Tribune

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Colorado families can expect higher emissions and costs if Congress continues to support a renewable jet fuel tax credit, currently included in the president’s budget framework.

This is because the special jet fuel tax credit would effectively eliminate tax benefits for other clean fuels such as biodiesel and renewable diesel.

If Congress favors one fuel over another, the impacts on the air we breathe will be detrimental.

Biofuels have reduced diesel emissions for more than a decade. On California roads alone, renewable diesel and biodiesel removed more than 18 million tonnes of carbon dioxide between 2011 and 2019.

The cost of the special kerosene tax credit will also be passed on to Colorado families – they will have to pay more to heat their homes during the winter months.

Rising fuel prices will also drive up the price of consumer goods as 80% of deliveries to American communities are made by truck. Colorado residents will pay more for daily necessities, such as food and medicine.

To ensure that the transport industry maintains access to renewable diesel and biodiesel, equal tax treatment with other fuels is essential. Tax parity will ensure that we do not reverse the progress made in reducing the carbon footprint of the transport sector.

We need Senator Bennet to push back on this flawed proposition and work with his congressional colleagues to extend the biodiesel tax credit at par today to protect families and keep emissions low in communities. from Colorado.

Andrew Richard, CEO of Sapp Bros


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