Lufthansa Group is significantly expanding its innovative Green Fares program to its global long-haul network, integrating carbon offsetting into ticket prices and setting a new standard for sustainable air travel. This initiative builds on the program’s success and demonstrates Lufthansa’s commitment to net-zero emissions by 2050.
Marriott International is taking a significant step towards sustainable event planning with its new ‘Connect Responsibly’ program. This initiative provides event organizers with comprehensive Meeting Impact Reports, allowing them to measure and mitigate the environmental footprint of their gatherings. Marriott is also partnering with South Pole to offer carbon offsetting options, empowering clients to contribute to climate action.
New Frontier Markets (NFM), a climate technology firm, has launched its voluntary carbon marketplace, aiming to enhance transparency and efficiency in the carbon offset market. NFM has partnered with OPIS, a Dow Jones company, to provide transparent carbon market price indications for buyers and project developers. This partnership focuses on engineered carbon credits, such as carbon capture, utilization, and sequestration (CCUS) projects, aiming to increase confidence in price signals and bring crucial carbon reduction projects to life.
Qantas, Rio Tinto, and BHP have joined forces as foundational investors in the Silva Carbon Origination Fund, a new initiative aimed at developing high-integrity, nature-based carbon projects in Australia. The fund, managed by Silva Capital, will focus on generating Australian Carbon Credit Units (ACCUs) through land reforestation and integrated agriculture projects, contributing to climate change mitigation and supporting sustainable land management practices.
