Please use symbol entry at top right of page to search

Support gaining to add aviation in green classification - EU official

BRUSSELS (Reuters) - The European Union's top transport official said on Wednesday she supported the inclusion of aviation in the EU's green taxonomy investment rules and expected sceptical policymakers could be convinced to include it.

The EU taxonomy is a complex system to classify which parts of the economy may be marketed as sustainable investments. It includes economic activities and detailed environmental criteria that each of them must meet to earn a green label.

Initially, there was some debate about including the aviation sector, which is considered one of the most difficult to decarbonise.

"The arguments (for including aviation) are strong. And I would say that there is the right support in recognition of this idea. I think the idea was finally explained and supported," EU Transport Commissioner Adina-Ioana Valean told Reuters in an interview in Brussels.

Aviation leasing, manufacturing, passenger and freight flights were included in a leaked draft updating the classification, earlier in March.

Valean said the Commission was exploring opportunities for making the sector greener despite there being no net zero aircraft available on the market yet.

"We are looking at requirements for new aircraft, which will be supported through the taxonomy if they are capable of taking 100% sustainable aviation fuels," she said.

(Reporting by Joanna Plucinska; Editing by Mark Potter)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.