Economy

Campaigners urge EU to rethink green investment label for aviation By Reuters



© Reuters. FILE PHOTO: A plane is seen during sunrise at the international airport in Munich, Germany, January 9, 2018. REUTERS/Michaela Rehle

By Kate Abnett and Tim Hepher

BRUSSELS (Reuters) – Campaign group Transport & Environment on Friday urged the European Union to rethink plans to label certain aviation investments as green, arguing this risked “greenwashing” thousands of CO2-emitting planes.

The European Commission is debating how to handle aviation in the EU’s “taxonomy” list of climate-friendly investments. The idea has split the EU executive, with some officials in favour of including investments that meet certain environmental standards, and others opposed to giving any green badge to a high-carbon sector.

The debate centres on recommendations made by EU advisers last year, which said Brussels should give a climate-friendly label to “best in class” currently-produced aircraft if they replace an older, less fuel-efficient plane in the fleet.

Transport & Environment (T&E) said around 90% of Airbus’s order book, or more than 7,000 planes, would be deemed “best in class” under the criteria, although they would only get the green label if they replace an existing plane.

“Sticking a green investment label on thousands of highly polluting planes is an act of pure greenwashing,” said T&E aviation director Jo Dardenne.

T&E said the 15-20% emissions saving offered by more-efficient planes was too small and urged Brussels to only endorse technologies with “true emissions reduction potential”, such as zero-emission aircraft and sustainable fuels.

Mass-production of those technologies is still years away. Airbus has said it aims for a small hydrogen-powered passenger plane to enter commercial service in 2035.

The aviation industry is lobbying Brussels to accept the advisers’ recommendations, warning that excluding aviation would hurt the sector’s ability to raise money for cleaner technologies.

“It is key that air transport is included in the EU taxonomy to support the full decarbonisation of the air transport industry,” an Airbus spokesperson said.

A European Commission spokesperson said it was assessing the advisers’ criteria and had not taken a final decision.

Airbus was part of the EU’s group of advisers on the green investment rules last year.

T&E was also an adviser. The group told Reuters it had accepted the recommendations last year on the grounds that some progress was better than none, but said now that the Commission was reviewing them, there was an opportunity to improve the criteria.

T&E and other campaigners resigned as EU advisers in September following the EU’s decision to label gas and nuclear energy investments as green.



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