Few fans would be associated Formula 1 Racing With sustainability, but perhaps incongruous for a sport that glorifies combustion, the League aims to achieve net carbon emissions by 2030.
For F1 equipment, it is not as simple as burning sustainable fuels in the engines of their career cars. In fact, cars are responsible for less than 1% of the carbon footprint of a equipment. The vast majority comes from everything else, including race -oriented logistics, business trips, office space, computers, etc.
To compensate for some of the most challenging sources, the Mercedes-Am Petronas team is buying 5,500 metric tons of brown coal carbon loans, which plants forests in degraded cultivation lands in the southeast of the United States
The credits are scheduled to be delivered in 2027 to 2030. In total, they represent approximately 10% of the equipment emissions in 2023. Mercedes-AMG Petronas aims to reduce emissions by 75% by 2030 and reach carbon emissions Net zero in 2040.
Although the new purchase of carbon credit from Mercedes-AMG Petronas is small, the team has also signed an agreement with Frontier, the advanced market commitment organization backed by Stripe, Google, Meta, Shopify and others.
Brown coal recently He closed a deal With Microsoft for 7 million metric tons of carbon credits, and collected $ 160 million in a B series Round to expand your operations. The Startup aims to deliver 100 million carbon credits by 2030.