The Agricultural Retailers Association (ARA) President & CEO Daren Coppock released the following statement applauding the Biden Administration's announcement updating the Greenhouse gases, Regulated Emissions, and Energy use in Technology (GREET) model and including regenerative agricultural practices in the sustainable aviation fuel emissions calculation:
“ARA is pleased to hear the announcement from the Biden Administration firmly establishing a role for agriculture in the future of sustainable fuels. Updates to the GREET model and the inclusion of agricultural crops and practices in the equation to qualify for 40(b) tax credits in 2023 and 2024 opens an important door for America’s farmers.
"As the Administration works to develop criteria for the 45(z) credits that will start in 2025, we look forward to more crops and more practices being included in the mix. Agriculture has much to offer, and we’re pleased to see those attributes recognized.
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