Startup eVTOL developer Joby Aviation is joining forces with JetBlue and Signature Flight Support to establish carbon credits for flights using green electric and hydrogen propulsion. The companies announced today that they will “work to define the creation, validation, and eventual use of these new credits on aviation carbon markets, including identifying a third party to oversee and validate transactions.”
U.S. airline JetBlue sees the partnership as part of its wider commitment to carbon neutrality, which it says it achieved in 2020 for domestic flights through the purchase of carbon offsets from solar, wind, and forestry projects. The company is an investor in Joby through its venture capital division, JetBlue Technology Ventures.
Signature Flight Support has been introducing sustainable aviation fuel (SAF) through its FBO chain, as well as via book-and-claim at locations where it doesn’t yet carry SAF. “We’re excited to expand that model through this partnership to include the purchase of electric aviation credits from clean operators like Joby,” said Signature CEO Tony Lefebvre.
Joby’s intention is to help create a market for electric and hydrogen flight credits by working with partners to define the terms for these credits, taking into account factors such as the carbon footprint of the electricity supply. Among the issues that will need to be resolved is the basis on which consumers and operators will be able to purchase credits.
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