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New E.U. Law Requires 70% of Aviation Fuel To Be Sustainable By 2050 - The legislation is part of the EU ’s “Fit for 55” package, which sets a goal of cutting emissions of the gases that cause global warming by at least 55% by 2030. Under this new standard adopted during a European Parliament plenary session in Strasbourg, France, 2% of jet fuel must be sustainable as of 2025 (today, SAF usage is at 0.5% in Europe), with this share increasing every five years to reach 70% by 2050. Source: TIME Lummus Launches Ethanol-based Sustainable Aviation Fuel Technology - Lummus Technology recently announced the commercial availability of its ethanol to sustainable aviation fuel (SAF) process technology. The technology provides operators with a large-scale, commercially demonstrated solution to reduce the aviation industry’s greenhouse gas emissions. Source: PR Newswire Biden administration to delay aviation fuel subsidy guidance until December - “President Joe Biden's administration likely will delay until December a decision on whether to make it easier for sustainable aviation fuel made from corn-based ethanol to qualify for subsidies under the White House's signature climate law, two sources familiar with the discussions said on Wednesday.” Source: Reuters On The Horizon… CA Governor to Sign Unprecedented Private Business Climate Disclosure Mandates - California Governor Gavin Newsom publicly confirmed that he will sign two unprecedented climate disclosure mandate bills (SB 253 and SB 261) into law. The mandates will apply to thousands of private entities that conduct any business in California, whether or not physically present in the state, and meet specified revenue thresholds. While the jurisdiction trigger is minimal engagement with California, the scope of the required disclosure is unbounded: all operations globally. Source: JD Supra
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