Airbus, Air France want EU green funds used for jet incentives - documents

Airbus and Air France-KLM have urged policymakers to use EU-backed green stimulus funds to support aircraft sales, according to documents released on Thursday by InfluenceMap, an investor-led climate lobbying watchdog. In papers and presentations to officials including European Commission Vice-President Frans Timmermans’ staff, the companies argued that taxpayer-funded incentives on current plane models could cut emissions by retiring more older, less efficient jets. “Support could take the form of a ‘green stimulus’ subsidy scheme,” according to an Air France-KLM “key messages” digest dated March 26. The airline group declined to comment. The Airbus and Air France-KLM documents are part of a set including emails, letters and position papers obtained under freedom of information rules by InfluenceMap, which says they reveal resistance to EU climate policies that is sometimes at odds with the industry’s public pledges. The region’s aviation sector vowed in February to target net zero carbon emissions in 2050. In the near term, an Airbus spokesperson said, emissions could be reduced with “financing support for airlines to retire older, less environmentally friendly aircraft early and replace them with new fuel-efficient aircraft.” The disclosures come as investors increasingly press carbon-intensive industries for transparency about their lobbying on climate issues. InfluenceMap provides research to Climate Action 100+, whose 575 members manage $54t in assets.<br/>