Mercedes-AMG Petronas F1 team heads for nature-based carbon credits

There are few fans involved Formula 1 race It’s sustainable, but perhaps incongruous for sports that praise the burning, the league aims to reach net zero carbon emissions by 2030.

For Formula 1 teams, it’s not as easy as burning sustainable fuel with a race car engine. In fact, the car is responsible for less than 1% of the team’s carbon footprint. The majority come from race-oriented logistics, business trips, office space, computers and everything else.

To offset some of the more difficult sources, Mercedes-AMG Petronas Team is purchasing 5,500 tonnes of carbon credits from the carbon of chestnuts planting forests in degraded farmland in the southeastern United States

The credits are scheduled to be distributed between 2027 and 2030. In total, it accounts for around 10% of the team’s emissions in 2023. Mercedes-AMG Petronas aims to reduce emissions by 75% by 2030 and achieve net zero carbon emissions in 2040.

Mercedes-Amg Petronas’ new carbon credit purchases are small, but the team has signed a deal with Frontier, a senior market commitment organization supported by Stripe, Google, Meta, Shopify and others.

Recently, the carbon of chestnut I’ve finished trading With Microsoft and 7 million tonnes of carbon credits, it raised $160 million in Series B Rounds to expand operations. The startup aims to provide 100 million carbon credits by 2030.