Nissan Formula E Team to offset CO2 emissions through advanced carbon credit platform

MANILA: The Nissan Formula E Team will be collaborating with biotech firm VAXA Technologies to offset its carbon emissions at the ninth season of the ABB FIA Formula E World Championship.

A report on the team's overall carbon dioxide emissions for the 2022-2023 season of the all-electric series was recently released by United Arab Emirates-based software company Coral, taking into account travel, waste, and factory energy use.

As part of the team's commitment to sustainability, 100 percent of its Season 9 carbon dioxide emissions will be offset.

In order to achieve this, the team has partnered with Coral to buy offsets from VAXA Technologies. The biotech company produces Icelandic Ultra Spirulina in a certified carbon-negative method, transforming clean energy into food using resources from the nearby geothermal plant.

According to a recent publication from Cambridge University, Icelandic Ultra Spirulina consumes just 0.0001 percent of the land and depends on 0.015 percent of the water used in standard beef production.

The credits purchased by the Nissan Formula E Team will be used to fund VAXA's Impact Nutrition Action food fortification program in developing countries across Asia, South America, and Africa. In partnership with reputable non-governmental organizations, the groundbreaking project aims to reduce the number of people who suffer from nutritional deficiencies. while saving over 100 million tons of carbon dioxide emissions over the next 15 years.

“The VAXA Impact project provides an innovative solution for one of the main contributors to climate change – animal agriculture – and we're delighted to be investing in them. Their work also goes beyond sustainability, as their programs aim to close the gap in nutrition deficiencies to those in developing countries. This marks another great step towards Nissan Formula E Team's carbon neutrality goals,” Nissan Formula E Team Managing Director and Team Principal Tommaso Volpe stated.

Offsetting the emissions from Season 9 is the first collaborative project under the Nissan Formula E Team’s partnership with Coral, which was established in October 2023.

“Nissan Formula E Team has been the perfect launch partner for Coral. We are delighted to show the tangible results of our partnership in a matter of weeks, whereby we can help the team offset the entire carbon footprint from Season 9. It is equally rewarding to facilitate this landmark offset with VAXA Impact, which is radically redefining food and nutrition,” Coral Founder and Head of Strategy Daniele Sileri said.

For Season 10, Coral will be using its technology — which combines cutting-edge tools like blockchain and artificial intelligence — to help the team in monitoring, tracking, reducing, and offsetting their emissions. Coral's platform offers complete transparency and auditability, guaranteeing that all of the team's emissions will be properly evaluated and offset in compliance with global emissions monitoring standards.

“Since partnering with Coral, we have wanted to be completely transparent about the actions we need to take to minimize the environmental impact of the Nissan Formula E Team. Thanks to their technology, we were able to precisely calculate our carbon footprint from Season 9, while we can have absolute confidence that we're offsetting all of our emissions with high-quality credits, investing in a fully verified project through a reliable platform,” Volpe added.

The partnership further solidifies Nissan's Ambition 2030 strategy and its commitment to carbon neutrality and zero-emission vehicles by 2050.

Photos from Nissan Motor Corporation

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