JAKARTADAILY.ID - Airbus and a number of major airlines – Air Canada, Air France-KLM, easyJet, International Airlines Group, LATAM Airlines Group, Lufthansa Group, and Virgin Atlantic – have signed Letters of Intent (LoI) to explore opportunities for a future supply of carbon removal credits from direct air carbon capture technology.
Once removed from the air, the CO2 is safely and permanently stored in geologic reservoirs. As the aviation industry cannot capture CO2 emissions released into the atmosphere at the source, a direct air carbon capture and storage solution would allow the sector to extract the equivalent amount of emissions from its operations directly from atmospheric air.
Carbon removals via direct air capture technology complement other solutions that deliver CO2 reductions, such as Sustainable Aviation Fuel (SAF), by addressing remaining emissions that cannot be directly eliminated.
Airbus said in a statement sent to JakartaDaily.id on Tuesday, July 19, 2022: "As part of the agreements, the airlines have committed to engage in negotiations on the possible pre-purchase of verified and durable carbon removal credits starting in 2025 through to 2028."
"The carbon removal credits will be issued by Airbus’ partner 1PointFive – a subsidiary of Occidental’s Low Carbon Ventures business and the global deployment partner of direct air capture company Carbon Engineering," it said.