The US Federal Aviation Administration (FAA) is investing $291 million, sourced from the Inflation Reduction Act, to help the aviation industry reach net zero greenhouse gas emissions by 2050. This funding is focused on advancing sustainable aviation fuel (SAF) and other low-emission technologies through two critical grant programs.
The FAA’s FueAviation’sion’s Sustainable Transition (FAST) grants will allocate $244.5 million to 22 projects aimed at scaling SAF production, transportation, and storage while increasing accessibility. Another $46.5 million will go toward 14 projects focused on developing and applying low-emission aviation technologies to improve fuel efficiency and reduce carbon pollution.
Despite SAF’s potential to be used with minor adjustments to existing aircraft and infrastructure, it currently accounts for less than 0.1% of all aviation fuel. This low supply, coupled with higher costs, presents challenges for airlines, as switching to SAF could drive up ticket prices. While the UK is set to implement an SAF mandate in 2025, requiring 2% of jet fuel demand to be met by SAF, airlines like Lufthansa and British Airways have already warned of higher fares due to the shift to cleaner fuels. Read More
News Credit: E+T (Engineering and Technology)
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