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 carbon dioxide emissions.
The inclusion of aircraft in the EU’s “taxonomy for sustainable finance”, a framework designed to guide private capital into environmentally friendly activities, is being assessed by the commission.
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