With us it does! Because we purchase European emission rights and shut them down. No bullshit, but real impact. This transforms the industry.
We withdraw the emission rights from the market by transferring them to the trust fund from our partner ForTomorrow. This way you can reduce the overall amount of CO₂ emission produced in the EU. By using this market mechanism, we shorten the supply for large CO₂ emitters such as coal-fired power plants and drive up the prices. With this compensation method you reliably offset for the CO₂ emissions of your flight and accelerate the energy transition in Europe!
👉 Beat the system by using the system: We use the mechanisms of the market to accelerate the energy transition in Europe and transform its industry.
👉 EU emissions trading is the central instrument for reducing CO₂ emissions by at least 55% by 2030 compared with 1990 and achieving climate neutrality in 2050.
You can choose of you want to compensate all emissions caused by your flight or only the engine emissions.
The European Emissions Trading Scheme (EU-ETS) is the EU's central climate protection instrument, covering emissions from around 10,000 installations in the energy sector and energy-intensive industry, as well as from intra-European air traffic.
The system operates on the principle of cap and trade, in which a cap is set on total emissions and emissions allowances are issued to facilities that are freely tradable.
The EU ETS has struggled with surpluses of emission allowances and price erosion in the past and has been revised by the "Fit for 55" package and further proposals of the EU Commission.
EU ETS stands for European Emissions Trading System. This is a system set up by the EU to reduce greenhouse gas emissions in Europe by placing a limited number of emission rights on the market each year, each of which entitles the holder to emit one ton of CO2 e. These emission rights can be traded, i.e. bought or sold by authorized market participants. These emission rights can be traded, i.e. bought or sold by authorized market participants.
For every ton of CO2 emitted by companies in the energy sector, industry and aviation, they have to buy emission rights. The amount of emissions is recorded annually and verified by the TÜV. The emitting companies have to submit emission rights for this quantit – otherwise penalties will be imposed. The number of emission rights are limited, however. By purchasing emission rights, we reduce the number of rights available, thereby forcing companies to emit fewer emissions.
The emission rights acquired by us are transferred to the trust account from our partner ForTomorrow.
The number of emission rights released to the market each year is based on the number of emission rights available. When emission rights purchased by us are retired, they are formally considered to be still available, which means that fewer new rights are issued the next year. When emission rights are cancelled, on the other hand, the available quantity is reduced, and more rights are released to the market the next year as compensation.
The calculation of CO2 emissions for each flight is based on several variables, including flight distance, aircraft type, payload (total weight of passengers, baggage, and cargo), fuel consumption, and flight conditions.The emissions calculations take into account direct emissions from the aircraft engine as well as indirect emissions resulting from the production and transportation of fuel, airport operations, and aircraft maintenance. Our calculation methodology is based on the standards and guidelines of the International Civil Aviation Organization's (ICAO) Carbon Emissions Calculator, the International Air Transport Association (IATA) and the Intergovernmental Panel on Climate Change (IPCC). The calculation of CO2 emissions is intended for informational purposes only and does not claim to be completely accurate. While we strive to provide the most current and accurate information, actual emissions may vary due to a number of factors, including changes in flight path, weather conditions, and aircraft operations.
The sale takes place via the individual EU member states. In Germany, the proceeds go to the Climate and Transformation Fund. The fund is used to support programs such as federal funding in the building sector, the further development of electromobility including the expansion of the charging infrastructure, the development of the hydrogen industry or the promotion of energy efficiency.