Close Menu
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Tech Entrepreneurship: Eliminating waste and eliminating scarcity

July 17, 2024

AI for Entrepreneurs and Small Business Owners

July 17, 2024

Young Entrepreneurs Succeed in Timor-Leste Business Plan Competition

July 17, 2024
Facebook X (Twitter) Instagram
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs
Facebook X (Twitter) Instagram Pinterest
Prosper planet pulse
  • Home
  • Privacy Policy
  • About us
    • Advertise with Us
  • AFFILIATE DISCLOSURE
  • Contact
  • DMCA Policy
  • Our Authors
  • Terms of Use
  • Shop
Prosper planet pulse
Home»Investments»Mercedes-AMG Petronas F1 Team accelerates towards net zero with investments in carbon removal and innovation
Investments

Mercedes-AMG Petronas F1 Team accelerates towards net zero with investments in carbon removal and innovation

prosperplanetpulse.comBy prosperplanetpulse.comJune 30, 2024No Comments1 Min Read0 Views
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Accelerating carbon removal technology at Frontier

The agreement with Frontier helps accelerate carbon removal technologies that store carbon in perpetuity (1,000+ years), have no competition for cropland, and have a path to becoming affordable at scale (<$100/ton), even if that isn’t the case today.

These are key requirements to ensure long-term viability, and we expect carbon removal credits from our partnership with Frontier to contribute to permanent removal as early as 2027.

Hannah Bebbington, strategy lead at Frontier: “Lack of customer demand has been a major obstacle preventing progress on carbon removal. Purchases like this by the Mercedes-AMG Petronas F1 Team send a clear signal to entrepreneurs and investors that the market is ready to expand. All companies that are serious about the climate challenge need to do this.”

Supporting the introduction of regenerative agriculture with Blaston Farm

Domestically, it has invested in a project at Braston Farm in Leicestershire which aims to encourage the wider adoption of regenerative farming practices across the UK.

We purchase nature-based carbon removal credits from Respira International to offset residual carbon emissions in our current footprint, where we not only capture carbon but also improve soil health, increase crop productivity, foster biodiversity and provide new revenue opportunities for farmers.

Investments in Blaston Farms comply with strict registration standards, ensuring greenhouse gas savings are accurately calculated. This pioneering project is a new carbon accounting methodology, which, together with independent verification, helps to maintain the highest levels of credibility and trust.

Soil is the world’s largest terrestrial carbon sink, highlighting the important role of soil management in mitigating climate change. A shift towards regenerative agriculture has the potential to sequester CO2 from the atmosphere and, if widely adopted, could mitigate an estimated 5-10% of global emissions.

The Blaston Farm project will demonstrate that conventional production systems are associated with losses of soil organic carbon, while regenerative systems have documented gains.

David Wright, CEO of Ecometric, said: “Our highly accurate soil organic carbon monitoring system blends direct soil measurements with AI-driven image analysis, which provides greater accuracy and scalability than traditional systems. UK businesses can now take an active role in mitigating climate change through regenerative soil management, as evidenced by changes in carbon stocks. On behalf of Respira, Indiglo and Blaston Farm farmer and estate manager Hilton Murray Phillipson, we are delighted to be working with Mercedes-AMG Petronas F1 Team to offset ongoing emissions by funding national sequestration, and in return, reward farms with performance-based financial rewards to incentivise positive change.”

The investment announced today is part of the company’s broader sustainability strategy and commitment to achieving net zero.

You can find out more about our team’s sustainability efforts here.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
prosperplanetpulse.com
  • Website

Related Posts

Investments

Mirae Asset Global Investments Co., Ltd. sells 18,000 shares of Global Super Dividend US ETF (NYSEARCA:DIV)

July 14, 2024
Investments

6 investments that will plummet in value by the end of 2024

July 14, 2024
Investments

Investment in the county’s agriculture sector will yield bountiful harvests. [column] | Local Voices

July 14, 2024
Investments

Mirae Asset Global Investments Co. Ltd. Increases Stake in Stride, Inc. (NYSE:LRN)

July 14, 2024
Investments

Allspring Global Investments Holdings LLC invests in WPP plc (NYSE:WPP)

July 14, 2024
Investments

How much should I invest to retire at 30?

July 14, 2024
Add A Comment
Leave A Reply Cancel Reply

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Editor's Picks

The rule of law is more important than feelings about Trump | Opinion

July 15, 2024

OPINION | Biden needs to follow through on promise to help Tulsa victims

July 15, 2024

Opinion | Why China is off-limits to me now

July 15, 2024

Opinion | Fast food chains’ value menu wars benefit consumers

July 15, 2024
Latest Posts

ATLANTIC-ACM Announces 2024 U.S. Business Connectivity Service Provider Excellence Awards

July 10, 2024

Costco’s hourly workers will get a pay raise. Read the CEO memo.

July 10, 2024

Why a Rockland restaurant closed after 48 years

July 10, 2024

Stay Connected

Twitter Linkedin-in Instagram Facebook-f Youtube

Subscribe