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On July 25th, Dalian City introduced a new policy of temporary interest subsidies for housing provident fund loans. For second-home housing provident fund loans approved between July 24, 2026, and December 31, 2027, a subsidy of up to 15% of the actual interest will be provided for a maximum period of three years, specifically to reduce the repayment pressure on those seeking to upgrade their homes. Nationwide, nearly 90 cities have successively introduced various housing subsidies and loan burden reduction measures this year, continuously enriching the toolbox of local policies to stabilize the housing market. However, Dalians approach of providing financial subsidies for second-home housing provident fund loans is a relatively rare exploration in recent times.Russian Ministry of Defense: Russian air defense systems shot down 328 Ukrainian drones overnight.On July 25th, Nvidia (NVDA.O) CEO Jensen Huang made his first appearance on Elon Musks social media platform X. His first tweet was a letter co-signed by Nvidia, emphasizing the importance of open-source AI models. Musk retweeted the post, saying, "Huang is right, I fully support him."Kuwait Petroleum CEO: We welcome Blackstone, Brookfield and KKR as long-term investors in the Peregrine Project.Samsung Electronics and Broadcom have signed a memorandum of understanding covering collaboration in memory chips, foundry services, and advanced packaging up to $200 billion by 2030. Samsung Electronics will partner with Broadcom to develop Broadcoms next-generation AI accelerator based on Samsungs HBM technology. Samsung Electronics will provide sub-2nm foundry processes and advanced packaging solutions.

Biden Reintroduces His Campaign for a Sustainable Aviation Fuel Tax Credit

Charlie Brooks

Apr 13, 2022 09:29

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"We brought together government agencies, aircraft manufacturers, airlines, fuel suppliers, and airports," Biden said at an Iowa event, saying that the effort will result in "advanced, cleaner, and more sustainable aviation fuels for America."


George Novak, President and CEO of the National Air Carrier Association, commended Biden for "recognizing the essential role that sustainable aviation fuel will play in further decreasing the airline industry's carbon impact."


Airlines are under pressure from environmental organizations to reduce their carbon footprints and have committed to using more environmentally friendly aircraft fuel (SAF).


Biden mentioned American Airlines' (NASDAQ:AAL) and United Airlines' support for sustainable aviation fuel on Tuesday, stating that biofuels were critical for aviation's decarbonization.


"That is the path we will take," Biden said.


The attempt to expedite carbon reductions in aviation is part of Biden's goal of achieving net carbon neutrality in the United States by 2050.


It comes as the US and Europe seek to increase production of SAF, which is currently produced in trace amounts from feedstocks such as discarded oil and may cost up to five times as much as normal jet fuel.


In September, the White House announced that three US government agencies would launch a challenge to supply at least 3 billion gallons of SAF per year by 2030 and sufficient SAF by 2050 "to meet 100 percent of aviation fuel demand, which is currently estimated to be around 35 billion gallons per year."


Airlines for America, a trade association that represents American, United, and other airlines, lauded Biden's request for a blender's tax credit and the $3 billion target that has bipartisan support in Congress. The association said that the credit "would contribute in the development of the embryonic market for SAF by providing a financial incentive for fuel producers to incorporate more SAF into the gasoline supply at a price that would encourage airlines to adopt it."

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