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GAMA Welcomes General Court Decision on EU Sustainable Finance Taxonomy
BRUSSELS, Belgium – The General Aviation Manufacturers Association (GAMA) welcomes today’s judgment of the General Court of the European Union annulling the exclusion of aircraft intended for private or commercial business aviation from the EU Taxonomy for Sustainable Finance.
The judgment is an important recognition that sustainable-finance policy must be based on legally sound, technology-neutral and equitable criteria. It confirms that business aircraft manufacturing cannot be assessed through an operational metric that is not recognised in EU law, nor by assuming that other transport modes are necessarily low-carbon alternatives, all of which GAMA has been advocating for at all levels of the European Commission for over five years.
Business Aviation is actively investing in credible decarbonisation pathways, including through the expanded availability and use of sustainable aviation fuels, continued improvements in aircraft efficiency and the development of low- and zero- emission propulsion technologies.
“GAMA welcomes today’s ruling by the General Court of the European Union as a significant rebalancing step towards a fair and evidence-based sustainable finance framework for aviation. Business aviation manufacturers are committed to reducing emissions and advancing innovation. Funding criteria for this transition should be assessed on a technology-neutral and equitable basis that is consistent with industrial, technological and market realities,” said Kyle Martin, GAMA’s Vice President for European Affairs.
GAMA looks forward to working constructively with the European Commission and policymakers on an updated taxonomy framework that supports investment in aviation innovation and recognises the role of all parts of the aerospace sector in delivering Europe’s climate and competitiveness objectives.
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