🛫 Today, CUR8 is delighted to announce a landmark deal with British Airways to buy and manage a $11 million portfolio of 33,000 high quality carbon removal credits.
The deal represents the largest purchase of durable carbon removal by any UK business, and makes British Airways the largest purchaser among global airlines. It also signifies one of the largest multi-year commitments by any business to purchase from a balanced portfolio of carbon removal projects.
This initiative recognises the pivotal role that carbon removals will play in decarbonising aviation and similarly hard-to-abate sectors. BA anticipates that one-third of its net-zero pathway to 2050 will be delivered through carbon removals, with the rest coming from aircraft, operational efficiencies and sustainable aviation fuels.
CUR8 will manage a portfolio of six innovative global projects, each designed to overcome barriers in carbon removal and support BA's net-zero goals. Through this initiative, British Airways is not only preparing for future regulatory requirements but also positioning itself as an industry leader in the transition to net-zero aviation.
Read our press release here: https://lnkd.in/eSGmHZtN
Carrie Harris, Tom Byrne, Sean Doyle