EU Taxonomy For Aviation: Will Von der Leyen Rubber Stamp the Biggest Act of Aviation Greenwashing in Decades?
The European Commission is about to stick a green investment label on thousands of highly polluting planes. It must reverse course.If a green fund invested in an efficient coal plant and boasted to investors that it was green, they would not be fooled. So why is European Commission President, Ursula Von der Leyen, falling for it when the same trick is applied to planes?
Sure, it’s better to fly fuel efficient planes, but the emissions savings from them are only around 15-20%. Critically, this has not stopped CO2 emissions from the sector growing exponentially in recent decades. CO2 emissions increased by 129% between 1990 and 2017 despite energy efficiency of new aircraft improving by 18% over the same period.
The taxonomy also has implications for airlines. Today, an airline’s fleet is barely taxonomy compliant, but allowing these aircraft to be labeled sustainable could greenwash up to 58% of some airlines’ fleet. T&E data shows that over a third of Air France and Lufthansa’s fleets would be considered green by the end of this decade.
There was nothing disruptive or groundbreaking in what we proposed. It simply ensured that zero-emission technology and SAFs qualify for much needed green funding in order to kick start the industry.
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