ESG Today writes that the CO2 credits will be delivered through four years, starting 2026.
Airbus partnered with Direct Air Carbon Capture (DAC) company 1PointFive back in 2022 with an initial carbon removal credit of 400.000 tons of CO2. 1PointFive's upcoming Texas-based carbon removal facility could be the world's largest direct air carbon capture unit, with an expected capacity of 500.000 tons per year.
Nicolas Chrétien, Head of Environment & Sustainability at Airbus said that "the Lufthansa Group was one of the very first aviation companies to work with Airbus to explore the potential of direct air carbon capture and storage solutions. As the aviation industry moves towards net zero CO2-emissions by 2050, carbon removal will play an important role in addressing remaining emissions."
Lufthansa pledged to become a carbon neutral company by 2050, while it wants to halve its emissions by 2030, compared to 2019 levels. Carbon capture investments, as well as SAF-implementations are the company's two main solutions for cutting its emissions output.
Caroline Drischel, Head of Corporate Responsibility at the Lufthansa Group added that "the Lufthansa Group is strongly committed to making air transport more sustainable and to achieving net zero carbon emissions by 2050. This includes billion-euro investments in continuous fleet modernization and our strong commitment to Sustainable Aviation Fuels. Technical CO2 removal solutions like advanced and direct carbon capture and storage processes will play a complementary role in achieving our decarbonization goals."
Any thoughts?