News Release

KlimaDAO and Fly Air announce partnership for automated carbon offsetting of chartered jet services

Fly Air, a US private jet booking platform, has partnered with KlimaDAO to launch a first-of-its-kind fully automated carbon offsetting solution for chartered jet services.

The partnership will enable the carbon emissions of flights to be automatically calculated based on the type of jet used and the distance travelled. This information will be utilised by the Fly Air platform to ensure that sufficient compensatory measures are taken by Fly Air on behalf of its customers to mitigate the impact of their carbon emissions.

The partnership will facilitate instantaneous offsetting of carbon credits via KlimaDAO, which is built on top of the public blockchain Polygon, meaning that the carbon credits that are retired are fully traceable and verifiable, including the amount, type and vintage year of the credits used.

Today, there are almost 25 million carbon credits available within the digital carbon market that can be utilised by projects looking to efficiently and transparently offset their carbon emissions.

Through the development and implementation of a carbon offsetting strategy, Fly Air and its customers will be supporting the development of projects within the market that are undertaking high-impact sustainability work that can protect and regenerate vulnerable ecosystems and decarbonise the economy.

The airline industry is a highly carbon-intensive industry, which faces unique challenges on its journey towards net zero status. Technologies such as airframe enhancements, sustainable aviation fuels, batteries and hydrogen combustion engines do not yet have the scale or maturity to viably decarbonise the entire industry.

Carbon offsetting is a mechanism to compensate for carbon emissions in the medium term as alternative, zero-carbon solutions mature. Ensuring that transparent, traceable carbon offsetting is executed is key to ensuring consumer confidence in the chosen compensatory measures is maintained.