The Mercedes-AMG Petronas F1 team is headed for carbon credits based on nature

Few fans would associate Formula 1 Racing With sustainability, but perhaps incongruous for a sport that glorifies combustion, the league aims to reach net-zero carbon emissions by 2030.

For F1 teams, it is not as simple as burning durable fuels in the engines of their racing cars. In fact, cars are responsible for less than 1% of the carbon footprint of a team. The vast majority comes from everything else, including logistics focused on breed, business trips, offices, computers, etc.

To compensate for some of the most difficult sources, the Mercedes-AMG Petronas team buys 5,500 metric tonnes of carbon carbon credits, which plants forests on degraded agricultural land in the south-east of the United States

Credits should be given in 2027 to 2030. In total, they represent about 10% of team’s emissions in 2023. Mercedes-AMG Petronas aims to reduce 75% emissions by 2030 and hit carbon carbon emissions Net zero in 2040.

Although the new Mercedes-AMG Petronas carbon credit purchase is small, the team also signed an agreement with Frontier, the advanced market organization supported by Stripe, Google, Meta, Shopify and others.

Recently chestnut carbon concluded an agreement With Microsoft for 7 million metric tonnes of carbon credits, and it raised $ 160 million in a B series to extend its operations. The startup aims to provide 100 million carbon credits by 2030.