Airlines could be in line for 2 billion euros in European Union funding to help them switch to sustainable fuels, under reforms to strengthen Europe's climate change policies.
The European Parliament on Tuesday approved a revamp of the EU carbon market, which would use proceeds from 20 million CO2 permits to compensate airlines that use sustainable fuels.
Aviation is seen as one of the hardest sectors to decarbonise, with zero-emission aircraft not expected for over a decade. In the nearer term, sustainable fuel is one of the few options to air travel's carbon footprint. Separately, the EU is also developing binding targets for airlines to increase their use of sustainable fuels.
"Subsidies alone will not be enough to trigger the switch to e-fuels," the group's aviation director Jo Dardenne said.
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