Inspenet, October 8, 2023.
US committed to decarbonization
The Federal Aviation Administration (FAA) has announced an allocation of nearly $300 million in funding for projects that will support the United States’ goal of achieving net-zero emissions in aviation by 2050 as part of the Climate Investment Agenda. America proposed by President Biden.
An opportunity to apply for funding has opened, with a total of $245 million available for projects related to Sustainable Aviation Fuels (SAF) infrastructure and $47 million allocated to aviation technology projects. low emission aviation.
These funds come from the Inflation Reduction Act, which represents the largest climate investment in the country’s history and has allocated billions of dollars to reduce carbon emissions and propel aviation toward the goal of net zero emissions by 2050.
“Having sufficient resources is essential in this race and thanks to President Biden’s Investing in America Agenda we have more resources than ever before to accelerate this critical work“said Laurence Wildgoose, FAA Deputy Administrator for Policy, International Affairs and Environment.”We look forward to receiving applications that can accelerate the use of high-integrity SAF and the development of powerful low-emission aviation technologies“.
The new subsidies called Sustainable Aviation Transition (FAST-SAF) will be oriented towards promoting the production, transportation and blending of sustainable fuels for aviation . These projects aim to strengthen SAF’s regional supply chains and increase its incorporation into the sector.
On the other hand, FAST-Tech funds are intended to accelerate initiatives related to aviation technology that contribute to the reduction of greenhouse gases, the improvement in the efficiency of the fuel used in aircraft and the increase in the use of sustainable fuels for aviation.
Beneficiaries of this program are diverse and include airports, airlines, academic institutions, aviation and aerospace companies, state and local governments, as well as non-profit organizations.
The competitive application process began on September 25 and the FAA aims to award the first subsidies in the middle of 2024.