Global airlines target Europe over green policies

<html xmlns=""><head><title>Global airlines target Europe over green policies</title></head><body>

By Joanna Plucinska, Tim Hepher and Aditi Shah

ISTANBUL, June 5 (Reuters) -Airlines took aim at Europe over green fuel mandates and its failures to stem France's air traffic control strikes as they weigh on carrier capacities at a global airlines meeting in Istanbul on Monday.

European regulators have introduced a new mandate demanding airlines use sustainable aviation fuel (SAF), an alternative to jet fuel that produces fewer carbon emissions but is between two to four times more expensive than its traditional alternative.

New rules will require fuel suppliers to ensure they can make 2% of fuel available at EU airports SAF by 2025, rising to 6% in 2030, 20% in 2035 and gradually to 70% in 2050.

"I think it's fair to portray the EU as being anti-aviation, whereas other parts of the world are very positive, pro-aviation," International Air Transport Association (IATA) head Willie Walsh said on Monday at the group's annual meeting.

Officials lambasted Europe for introducing a mandate, arguing that a global approach to increasing SAF production or tax incentives like those introduced by the United States under the Inflation Reduction Act would be more effective.

EU officials have said they are also helping to support the industry in its green transition through credits and other benefits and that the timelines for the mandates were reasonable.

In 2021, the body released its strategy to achieve net-zero carbon emissions by 2050, including a progressive increase in sustainable aviation fuel use.

During its annual meeting this week, IATA highlighted its roadmap to that goal, which will include a tool to track the amount of SAF airlines are purchasing and using in order to facilitate accountability across the sector.

Officials said that, while figures on SAF use by individual airlines won't be publicly available, the tracking tool will help show the progress of the whole sector.

Walsh also called for a global system that would allow airlines to buy SAF for others to use, even if they don't fuel up their own planes with it.

"Just as location makes no difference on the impact of CO2 emissions, it has no impact on where SAF is uplifted and used either. A global approach to book and claim for SAF credits will help facilitate economies of scale in SAF production," he said.


However, IATA said the EU's approach could cause more fragmentation by forcing airlines to buy SAF in Europe, ultimately hampering a harmonized global approach and sowing confusion.

"Not only is [Europe] threatening to make the EU's [emissions trading scheme] extra-territorial, but several European states also want to tax jet fuel - in defiance of the Chicago Convention and almost every bilateral air service agreement," Walsh said.

Activists in Europe have also argued that solutions such as sustainable aviation fuel and more efficient engines will not be sufficient in helping the industry reach its targets, with many cheering a French ban on some short-haul routes as a step in the right direction.

"We've all lived through COVID, we all saw what happened when we lacked connectivity," said IATA economist Marie Owen Thomsen, adding that she was "flabbergasted" by such a pessimistic pronouncement by environmental groups.

"If we agree that we need aviation, and we agree that we need to do this sustainably, then our focus should be on getting those solutions (like SAF and efficient engines) as fast as possible."

Writing by Joanna Plucinska; editing by David Evans


면책조항: XM Group 회사는 체결 전용 서비스와 온라인 거래 플랫폼에 대한 접근을 제공하여, 개인이 웹사이트에서 또는 웹사이트를 통해 이용 가능한 콘텐츠를 보거나 사용할 수 있도록 허용합니다. 이에 대해 변경하거나 확장할 의도는 없습니다. 이러한 접근 및 사용에는 다음 사항이 항상 적용됩니다: (i) 이용 약관, (ii) 위험 경고, (iii) 완전 면책조항. 따라서, 이러한 콘텐츠는 일반적인 정보에 불과합니다. 특히, 온라인 거래 플랫폼의 콘텐츠는 금융 시장에서의 거래에 대한 권유나 제안이 아닙니다. 금융 시장에서의 거래는 자본에 상당한 위험을 수반합니다.

온라인 거래 플랫폼에 공개된 모든 자료는 교육/정보 목적으로만 제공되며, 금융, 투자세 또는 거래 조언 및 권고, 거래 가격 기록, 금융 상품 또는 원치 않는 금융 프로모션의 거래 제안 또는 권유를 포함하지 않으며, 포함해서도 안됩니다.

이 웹사이트에 포함된 모든 의견, 뉴스, 리서치, 분석, 가격, 기타 정보 또는 제3자 사이트에 대한 링크와 같이 XM이 준비하는 콘텐츠 뿐만 아니라, 제3자 콘텐츠는 일반 시장 논평으로서 "현재" 기준으로 제공되며, 투자 조언으로 여겨지지 않습니다. 모든 콘텐츠가 투자 리서치로 해석되는 경우, 투자 리서치의 독립성을 촉진하기 위해 고안된 법적 요건에 따라 콘텐츠가 의도되지 않았으며, 준비되지 않았다는 점을 인지하고 동의해야 합니다. 따라서, 관련 법률 및 규정에 따른 마케팅 커뮤니케이션이라고 간주됩니다. 여기에서 접근할 수 있는 앞서 언급한 정보에 대한 비독립 투자 리서치 및 위험 경고 알림을 읽고, 이해하시기 바랍니다.

우리는 웹사이트에서 최고의 경험을 전해드리기 위해 쿠키를 사용하고 있습니다. 자세히 읽거나 쿠키 설정을 변경하세요.

리스크 경고: 고객님의 자본이 위험에 노출 될 수 있습니다. 레버리지 상품은 모든 분들에게 적합하지 않을수 있습니다. 당사의 리스크 공시를 참고하시기 바랍니다.