Global Jet Capital is working to increase awareness of the impacts of climate change, which is why we’ve launched our new CleanFlight Carbon Offset Program.
In partnership with Carbonfund.org, a US-based 501(c)(3) nonprofit organization, Global Jet Capital is providing clients with access to the knowledge and expertise required to make informed decisions about offsetting the impact of their aircraft operations on the environment. Through the acquisition of verified carbon offsets, clients can mitigate the impact of their aircraft’s carbon footprints with ease.
A carbon offset is a certificate representing the reduction of one metric ton (2,205 lbs) of carbon dioxide emissions, which is a principal contributor to climate change. Any project that reduces carbon dioxide emissions and completes the validation and verification process for voluntary carbon offset projects can result in the production of carbon offsets. In this case, every ton of emissions reduced results in the creation of one carbon offset.
At the time of negotiating an operating lease, finance lease or loan, Global Jet Capital will assist you in determining the size of the carbon footprint associated with your aircraft. This will be based on the fuel burn associated with the make and model of your aircraft, anticipated annual operations, and desired years of coverage.
Based on these parameters, we’ll arrange the purchase of the appropriate number of carbon offsets to cover your anticipated usage partially or fully at our discounted rate. At the time of deal close, we work with our clients and Carbonfund.org to facilitate payment and the delivery of appropriate documentation of the offset.
The amount of carbon offsets you want to acquire is entirely up to you and the program is completely voluntary. Governmental requirements around environmental mitigation can vary significantly and as such, this program is not intended to satisfy such requirements.
The proceeds from your transaction are then used by Carbonfund.org to purchase and retire the quantity of carbon credits that correspond to the quantity of carbon emissions calculated from the private aviation flights and fuel consumption. These carbon credits are produced by third-party validated and verified voluntary carbon offset projects around the world. The sale of the carbon credits is the primary method of funding for these carbon emissions reduction, avoidance, and sequestration projects.
Going green just became simpler. To learn more about the CleanFlight Carbon Offset Program, read the full press release or contact one of our business aviation experts to get started.