The Port of Seattle cheered today’s passage by the US House of Representatives of the Inflation Reduction Act, the single largest national investment in clean air, clean energy, and environmental justice in history.
The legislation invests approximately $370 billion in sustainability and climate programs, including new grants and tax incentives that will accelerate the Port of Seattle’s goal to decarbonize its maritime and aviation operations. These investments will help the Port reach its goal to eliminate all carbon emissions from Port-owned and -controlled sources by 2040, and for all entities operating at its facilities to be carbon neutral or better by 2050.
“We need affordable access to zero carbon fuels for our community’s health, security, economic opportunity, and our resilience against a changing world,” said Port of Seattle Commissioner Sam Cho. “In so many cases, the technology and fuels already exist, but large-scale supply at a reasonable cost does not. The Inflation Reduction Act will turbo-charge market development for zero carbon fuels and lower barriers to the Port of Seattle becoming the greenest and most energy-efficient port in North America. Thank you to President Biden, Congressional leaders, and Members of the Washington Congressional delegation who made passage of this legislation possible.”
Highlights of Port-related benefits from the Inflation Reduction Act include:
- $3 billion in maritime decarbonization funding
- 1 billion for clean heavy-duty vehicles
- A Sustainable Aviation Fuel blender’s tax credit of $1.25-$1.75 per gallon
- $300 million for an Alternative Fuel and Low-Emission Aviation Technology Program
- A Clean Hydrogen Tax Credit
As a sustainability leader, the Port is actively working on strategies to expand sustainable aviation fuel and electrify the Seattle waterfront. Earlier this year, the Port led the announcement of an effort to create the world’s first cruise-led “Green Corridor” through Washington, British Columbia, and Alaska.
The legislation already passed the United States Senate on August 8, and now goes to President Biden for his signature and enactment into law.
Contact
Perry Cooper | SEA Airport Media Officer
(206) 787-4923 | cooper.p@portseattle.org
