Legalflyer provides legal and market commentary, addressing the key questions and topics of interest to our clients operating in the global aviation industry. The content of Legalflyer incorporates the breadth of our aviation practice with contributions by lawyers from across our 50+ offices worldwide.
The knowledge of our lawyers encompasses every aspect of the business, derived from decades of experience of advising the broadest spectrum of industry participants, including airlines, banks and financiers, lessors, manufacturers, insurers, export credit agencies, governments and regulatory bodies. We trust that Legalflyer will keep you abreast of the latest global developments.
EU Taxonomy Regulation and aviation: A transition to sustainability
On 5 April 2023 the long-awaited draft amendment to Delegated Act EU 2021/2139 including draft technical screening criteria in Annex 1 (the Draft Delegated Act) was published by the European Commission heralding the inclusion of aviation as a transitional activity within the EU Taxonomy Regulation. Following consultation, the draft was then updated on 13 June 2023 and published as part of the European Commission’s sustainable finance framework.
Financing a sustainable future for aviation
Aviation is an essential tool for global mobility, but is a 'hard-to-abate' sector, meaning it is prohibitively costly or impossible to transition to net-zero with currently available abatement technology.
Update on the EU’s latest proposals regarding Sustainable Aviation Fuel (SAF)
In July 2021, the European Union (EU) released the ‘Fit for 55’ package, a set of proposals to update EU law in order to meet the EU’s aims of reducing net greenhouse gas emissions by 55% by 2030. These included a draft ReFuel Regulation to encourage the use of SAF, which we examined in our article New regulatory initiatives supporting Sustainable Aviation Fuel.
Decarbonising aviation – a quick round-up
Since the EU published its “Fit for 55” aviation proposals and the UK Government published its Decarbonising Transport Plan in July, the focus on aviation decarbonisation has only intensified as we approach the start of the 26th UN Climate Change Conference of the Parties (“COP26”) in Glasgow on 31 October
Climate-related reporting standards including the TCFD framework and their impact on the aviation industry
In common with other industries around the world, the aviation industry has been under significant pressure for some time to reduce emissions. Airlines and lessors, as well as their financiers, are increasingly coming under pressure from a wide-range of stakeholders, including governments, central banks and investors to deliver more and better-quality climate-related financial information that is consistent, comparable, reliable and clear.