The climate impact of aviation is considerably different from that of other transport modes. The turbofan engine’s efficiency can be increased by increasing the Operating Pressure Ratio (OPR), bypass ratio (BPR) and Turbine Inlet Temperature (TIT), thereby reducing CO2 and H2O emissions. However, this may have an adverse effect on the secondary emissions, such as NOx, soot, etc. Taking a holistic view in evaluating the climate impact of engine development trends considering all the climate forcers is imperative for design trends in the future. This research investigates the impact of some key engine design parameters on climate. The emission changes due to design variations in the CFM56-5B are estimated using in-house engine performance and emission prediction tools. Accordingly, the changes in the species’ Average Temperature Response for 100 years (ATR100) are analyzed using a climate assessment tool, AirClim. The results show that the overall climate impact increases by 40% when increasing OPR from 25 to 40. Meanwhile, the Twin Annular Premixed Swirler (TAPS-II) combustor reduces the total ATR100 drastically, in the range of 52–58%, due to lean combustion.