Aviation sector pushes EU for green investment status, even for…
The aviation industry is pushing to have new aircraft powered by jet fuel classified as a green investment under EU rules for sustainable finance, in what climate campaigners have described as a “huge act of greenwashing”. Environmental groups say the criteria for the sector being considered by the European Commission risk allowing conventionally powered planes to be considered as “best in class” sustainable investments despite their CO2 emissions. Transport & Environment (T&E) say over 90% of the order book of Airbus could be considered green under criteria drafted by the EU’s advisory body on sustainable finance. The aviation industry argues investments in new planes should be considered sustainable even if they burn jet fuel because they produce fewer emissions per passenger than older models. The newest designs are up to 20% per passenger kilometer. But they still emit a lot of carbon. The industry wants aircraft to be classed as green, in order to get financial help to develop “green technologies” and that they need this money, in order to develop lower carbon air travel. Even if that cannot logically be justified. .Tweet Aviation sector pushes EU for green investment status Including jet-fuel powered aircraft in finance framework would be ‘greenwashing’, say environmentalists By Alice Hancock in Brussels and Philip Georgiadis and Sylvia Pfeifer in London (FT) 17.2.2023 17 The aviation industry is pushing to have new aircraft powered by jet fuel classified as a green investment under EU rules for sustainable finance, in what climate campaigners have described as a “huge act of greenwashing”. Environmental g
