What Happened
Ruling Impacts Climate Change Mitigation And Business Aviation
The European Court of Justice has annulled the European Commission’s taxonomy criteria for aircraft manufacturing, which had excluded private or commercial business aviation from qualifying as contributing substantially to climate change mitigation. The ruling, which was reported by Jones Day, establishes that the Commission must remain within the framework set by the Taxonomy Regulation when adopting technical screening criteria. The decision has significant implications for the interpretation and implementation of the Climate Delegated Act and may affect sustainability reporting and financing conditions for affected companies.