China to give subsidies to domestic airlines, plane makers, to help in biofuels development
The funds in the CADF, or the former airport construction fee, will be used for energy-saving innovative technologies and developing biofuel, according to the Civil Aviation Administration of China (CAAC).
Companies will be given subsidies, ranging from 30% to 60% of their total investment for emission reduction efforts.
Passengers will be charged 50 yuan (US$7.86) each for domestic routes and those departing the country on international routes will pay 90 yuan (US$14.16). The government is expected to collect 15.4 billion yuan (US$2.4 billion) in CADF this year.
China may use 12 million tons of aviation biofuel by 2020, or 30% of the country’s total consumption of jet fuel, said Li Jian, CAAC deputy director.Feature, Renewable Fuels, Volume 4 Issue 35