Extract from Source: With an estimated 30,000 commercial aircraft forecast in the global fleet by 2035, the impact of fleet renewable on emissions is crucial. By replacing aircraft earlier, the airline could synchronise their next aircraft acquisition in line with the next wave of new generation aircraft in 2035. [...] The EU's Taxonomy is an essential tool to establish robust criteria for defining a sustainable activity in aviation, to avoid subjective financial decision making. [...] New aircraft development programmes typically have a 10 year development timescale from product selection to Entry into service (EIS). The decision to proceed will not only be on the product itself, but also whether sufficient quantities of green energy (ie Hydrogen) will be available, the required infrastructure will be in place at airports and a global level playing field in terms of regulation. Zero emission hydrogen aircraft will be primarily focused on regional and shorter range aircraft from 2035, which means that the current and future iterations of highly efficient gas turbines will still be required as we move towards 2050, especially for long haul operations. The rate of production ramp-up will be another important factor in determining the penetration rate of these new developments and resulting CO2 emissions, which due to the size of the flying fleet, will take time. [...] Accelerating fleet renewable can further reduce emissions [...] The Green Stimulus by incentivisng early fleet renewal by new and more efficient aircraft, would result in a cumulative CO2 savings between 2023 and 2030, if the scheme is implemented in its entirety. The scheme would enable even higher CO2 savings if it can be used to secure aircraft replacements already planned before the crisis. [...] New generation aircraft bring up to 20% to 30% fuel burn and CO2 emissions reduction compared with previous generation aircraft. [...] The proposed fleet renewal incentive scheme will deliver clear benefits at different levels: Contribution to a greener EU aviation. Cumulative CO2 savings of REDACTED between 2023 and 2030. [...] Post C19 crisis support to airlines at the most critical period for the industry. Virtuous support to the EU aviation industry ecosystem and its millions jobs.

Source: Documents accessed by InfluenceMap from a FOI request. This caused some deletion of content.