EU plans eco ranking for planes, flights: Welt am Sonntag

Commodities & Futures
EU plans eco ranking for planes, flights: Welt am Sonntag © Reuters. FILE PHOTO: An aeroplane flies underneath the jet stream of another aircraft above the Italian city of Padova

FRANKFURT (Reuters) – The European Union is planning to create a new system to rank flights and aircraft according to their carbon footprint, German weekly Welt am Sonntag reported.

The paper, citing documents, said the European Union Aviation Safety Agency (EASA), the continent’s safety regulator, has put out a tender to develop a classification system to that effect.

The project is aimed at “providing reliable, comparable and verifiable information” to clients to help them make sustainable decisions, the paper cited the documents as saying, adding details of the eco seal would be firmed up by the end of 2022.

EASA was not immediately available for comment outside of normal business hours.

Even before the coronavirus pandemic hit global airlines, business travel had been beginning to come under pressure as corporate clients became more alert to environmental and sustainability targets.

As part of the EU’s spending plans, nearly 550 billion euros ($ 666 billion) could be spent on climate over 2021-27 – a massive sum, but far below the 2.4 trillion euros in investment researchers say is needed to meet EU climate goals.

($ 1 = 0.8253 euros)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Let’s block ads! (Why?)

Commodities & Futures News

Leave a Reply

Your email address will not be published. Required fields are marked *