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EU Funding Guidelines Will Greenwash 90% of Airbus’ Polluting Planes

The European Fee is ready to rubber stamp 1000’s of polluting plane as sustainable, underneath the EU taxonomy guidelines.

The EU taxonomy for sustainable investments might greenwash over 7,000 Airbus plane, new information by T&E finds. This represents over 90% of Airbus’ future plane orders. Planes qualify for the standards in the event that they meet weak gas effectivity requirements, although they nonetheless rely nearly completely on fossil fuels.

The European Fee is presently discussing standards for aviation to be included in EU taxonomy guidelines. Underneath the draft standards really useful in 2022 by the Platform on Sustainable Finance, conventional plane qualify as “finest in school” if they’re more efficient than older technology plane. These plane then meet the EU Taxonomy’s standards provided that they’re changing, not increasing an airline’s fleet.

Although extra gas environment friendly planes emit much less, these emissions financial savings are solely round 15–20%. Critically, this has not stopped CO2 emissions from the sector from rising exponentially in latest many years. CO2 emissions elevated by 129% between 1990 and 2017 regardless of gas effectivity of recent plane enhancing by 18% over the identical interval.

Jo Dardenne, aviation director at T&E, says: “Sticking a inexperienced funding label on 1000’s of extremely polluting planes is an act of pure greenwashing. The European Fee should reverse course. Unsurprisingly, Airbus is lobbying relentlessly to make sure aviation stays within the taxonomy. However this might be a mere smokescreen that enables them to promote soiled planes for years to return. As a substitute, they need to focus efforts and investments in zero-emission plane which are actually inexperienced.”

Airways can even be affected by the EU taxonomy. In the meanwhile, nearly all of Europe’s airways’ fleets don’t qualify as “finest in school”. However their future planes will. 100% of order books by Ryanair, easyJet and Wizz Air might be thought-about “finest in school”, as they plan to purchase new technology, extra environment friendly plane within the years to return. If these planes substitute older plane, they are going to be compliant with the taxonomy. In consequence, as much as 58% of easyJet’s fleet might be taxonomy compliant, regardless of completely counting on fossil gas to function within the subsequent decade.

Airlines is not going to solely see a part of their investments into future fleets rubber stamped as inexperienced, however the revenues generated from flights on these planes can even carry the identical label. In observe, which means a flight from Paris to New York, on board a barely extra environment friendly plane, might be thought-about inexperienced within the eyes of buyers.

Transport & Setting is asking on the European Fee to amend the standards for aviation within the EU Taxonomy. These ought to strictly endorse new applied sciences with true emissions discount potential, equivalent to zero-emission plane and prime quality sustainable aviation fuels.

Download the methodology.

Courtesy of Transport & Environment (T&E).

Associated Story: NGOs walk out of expert Taxonomy group over lack of independence


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