> to whom, and what will all this money be spent on?
FTFA:
“Commercial jets being delivered today may still be flying in 2050, and new designs powered by batteries or hydrogen will take years, if not decades, to materialize. So for now, the best option is to fill up conventional airliners with less-polluting copycat fuels that don’t require more drilling for oil.
…
The new RefuelEU rule will require airlines to fill their planes with a 2% sustainable aviation fuel blend by 2025, rising to 6% by 2030 and reaching 70% by 2050.
…
Rather than force airlines to pay for their own carbon cleanup, other proposals have emerged, including a tax on passengers.”
"transfer of wealth" is a political term. SO I am guessing that you want to make a political discussion.
meanwhile, on the "reality" side of things. Air traffic is common and not going away, what to do about pollution?
Consider this statement for yourself: Airlines are in a unique position in the economy. Their profits are fragile, their equipment is highly expensive, they require huge amounts of resources to be useful, and they are very much in demand for many reasons. In economic terms "people and companies are willing to pay for air travel and, people and companies cannot fly by themselves"
There is no law of economics that says that airlines have to exist! The invention of the airplane itself was considered science fiction for a thousand years+. We have to find a social balance that works -- the existing technology is new. There is nothing to say that airlines as they exist today, at the price point they bear, is "sustainable" in any way.
So - an economic change has to happen, and it can be painful and strife-ridden, or it can be negotiated via secret deals, or we could have clear thinking and do what is efficient and fair. But most importantly, these changes are not optional ! Environmental crisis is "real" .
FTFA: “Commercial jets being delivered today may still be flying in 2050, and new designs powered by batteries or hydrogen will take years, if not decades, to materialize. So for now, the best option is to fill up conventional airliners with less-polluting copycat fuels that don’t require more drilling for oil.
…
The new RefuelEU rule will require airlines to fill their planes with a 2% sustainable aviation fuel blend by 2025, rising to 6% by 2030 and reaching 70% by 2050.
…
Rather than force airlines to pay for their own carbon cleanup, other proposals have emerged, including a tax on passengers.”