|
Industry Spotlight
GBTA Canada
GBTA Calls for Sustainable Aviation Fuel Production in Canada
GBTA joined over 20 organizations in a letter to the Minister of Finance calling for the Canadian government to implement incentives to ensure that SAF production in Canada happens. Specifically, the group called for the Canadian government’s Budget 2024 to adopt the following recommendations:
-
Implement refundable investment tax credits at a rate of 50% for SAF production facilities.
- At the same time, a Production Tax Credit (PTC) with a ten-year horizon equivalent to the one in the United States should be implemented.
- If a PTC is not possible, Canada should introduce a commodity price contracts for difference (CFDS) or revenue certainty mechanism to support SAF production and boost its uptake, providing certainty to both airlines and SAF producers.
- Allow for a book and claim mechanism for SAF use in Canada.
Read the full letter here. In order for companies and governments to achieve their Net Zero goals, travel providers and business travelers need sustainable options that lessen their emissions output.
GBTA +VDR Conference 2024 in Partnership with the Nordic Business Travel Associations | Copenhagen
Now Accepting Proposals for Education Sessions in Copenhagen
Deadline: 1 March 2024
GBTA is seeking industry professionals to contribute new ideas, solutions, and innovations for current issues and challenges that confront the travel industry. With your unique perspective and insight, we can continue to deliver the best education on the topics most relevant to business travel. |
