EU Court Annuls Aircraft Exclusion from Green Taxonomy
The EU's General Court has annulled a European Commission decision that excluded the manufacturing of commercial aircraft from the EU's green taxonomy for sustainable investments. The ruling came after a challenge by Dassault Aviation, which argued the exclusion was discriminatory. The court found the Commission failed to provide sufficient justification for treating aircraft manufacturing differently from other sectors. This decision could force the Commission to reconsider the criteria for what qualifies as a "green" investment, potentially impacting the aviation industry's access to sustainable finance.
A top EU court has challenged the rules defining "green" investments, a potential win for the aviation industry.