Fly Air & KlimaDAO partners to embark on carbon offsetting journey

KlimaDAO recently announced a partnership with Fly Air. The collaboration will allow the companies to launch automated carbon offsetting for chartered jets. The two entities have expressed their concerns about reducing carbon emissions by highlighting their climate leadership. 

As a renowned private jet booking solution, Fly Air offers its premium services to high-end users. Its involvement in the project has been highly appreciated by customers and experts alike. 

On the other hand, KlimaDAO aims to boost the delivery of climate finance worldwide. The platform is developing a neutral, public, and transparent framework to support the mission. That is why its partnership with Fly Air is intriguing aviation enthusiasts across the world. 

Shared over Twitter, the announcement stated that digital carbon would help airlines conduct traceable and transparent carbon offsetting. This development is critical since the aerial industry continues to reach Net Zero. 

In a first-of-its-kind venture, Fly Air and KlimaDAO will help flights calculate their carbon emissions automatically. This will be done based on the jet type and the traveled distance. 

The platform will also use this data to make sure that Fly Air is taking sufficient compensatory actions on behalf of the users. It will minimize the effects of carbon emissions across the world.

The collaboration will enable instant offsetting of carbon credits through KlimaDAO. Since the platform is developed on Polygon, a public blockchain, it allows the retired carbon credits to be fully verifiable and traceable. It includes the type, vintage year, and amount of the credits.

Currently, there are over 25 million carbon credits in the Digital Carbon Industry. Projects can use these credits to transparently and efficiently offset their emissions. The new strategy will help Fly Air to enable its customers with projects aiming for high-impact sustainability.

This work can regenerate and protect risky ecosystems while decarbonizing the economy. Seeing how the aviation market involves high carbon usage, it also encounters unique issues while trying to reach the Net Zero status.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

Related Articles

Back to top button
Bitcoin (BTC) $ 65,558.56
Ethereum (ETH) $ 3,396.82
Tether (USDT) $ 0.99977
BNB (BNB) $ 596.97
Solana (SOL) $ 142.12
XRP (XRP) $ 0.469071
Dogecoin (DOGE) $ 0.133438
Cardano (ADA) $ 0.404393