What is carbon offsetting?
Carbon offsetting, also referred as carbon reduction or carbon compensation, is the term used for the action of reducing carbon dioxide (CO2) in the atmosphere to compensate CO2 emissions produced elsewhere. CO2 reduction from a different location than the CO2 source is a viable option, as CO2 has the same effect on the atmosphere wherever it is created or compensated.
How is carbon offset achieved?
The CO2 offset is achieved by investing in projects that reduce CO2 in the atmosphere, such as planting more trees and protecting areas from deforestation. Projects that are eligible under the P&W carbon offset service must be certified with rigorous standards to ensure key considerations such as:
- Permanence of the emissions reduction.
- Assurance that the reduction would not have happened without financial contribution as an enabler (i.e. the emissions reduction would not have happened otherwise due to regulations or normal conduct of business).
- Transparency of the CO2 reductions achieved (e.g. the emission reduction is listed on a public registry).
- Monitoring, reporting and verification of the projects driving the emission reduction.
Why does CO2 offsetting matter?
The release of CO2 in the atmosphere contributes to the greenhouse effect. The greenhouse effect is believed to cause climate change and global warming and having detrimental impact on the environment, economy and health of individuals. CO2 offsetting constitutes one favorable initiatives, among others, allowing reduction of the greenhouse effect.
Why organizations and individuals rely on carbon offsetting instead of reducing or avoiding CO2 emissions at the source?
Due to technological limitations, it is currently not possible to avoid CO2 emissions at the source for many industries, including aviation (aircraft engines use jet fuel which releases CO2 emissions in the atmosphere). However, P&W and Raytheon Technologies continuously invest to reduce their CO2 emissions and environmental footprint.
P&W sustainability initiatives include: more efficient engines, reduced engine maintenance requirements and components replacement rates, material re-utilization and recycling, chemicals banning, machinery and sites optimization (energy and water usage, recycling, composting), and incentivizing use of public transit or working from home for employees. Combined with CO2 emission avoidance and reduction practices, carbon compensation is an initiative in the right direction.
Do other options outside of carbon offset initiatives exist for operators to reduce their CO2 footprint?
Not currently. Sustainable Aviation Jet Fuels (SAJF) utilization typically yield a much lower CO2 footprint than jet fuel. SAJF production figures are currently too low to meet market demand and SAJF are therefore not widely available to operators (all P&W engines are certified for utilization with SAJF). Electric and hybrid-electric aircraft are also in development phase but not foreseen to be on the market for passengers transportation until the next decade.
Why do global carbon offset projects require funding?
Although a rapidly growing number of organizations and individuals are recognizing the importance and long-term value in carbon offsetting projects, they still constitute “going beyond normal conduct of business” and require support and sustainment through ongoing funding. For example, forest conservation projects require funding to have a portion of the land purchased and permanently protected from deforestation. Forest conservation allows protected trees to capture and reduce CO2 from the atmosphere.
How are charges for the carbon offset program calculated?
Charges are established based on engine model and reported monthly engine utilization. The Service rates are outlined in Pricing section above.
These charges have been determined estimating engine CO2 emissions per hour and market price for carbon offset ($ per ton of CO2 compensated).
The service charges are on a pay-per-hour basis with no minimums and are added to your ESP invoice.
operators who pay taxes on their ESPTM
invoice will also have to pay taxes on charges for this service.
Service charges are flat (no escalation) for the 12-month period following service enrollment.
Will certificates be issued to customers who enroll for this service?
Yes, a Certificate of Service Subscription will be issued by Pratt & Whitney and a Certificate of Carbon Compensation will be issued by South Pole and provided by Pratt & Whitney.
Will the carbon offset service be available for other Pratt & Whitney-powered aircraft?
Based on the response to the service launched for turbofans on business jets, it could be introduced to customers of other P&W-powered aircraft in the future.
What are other sustainability initiatives undertaken by Pratt & Whitney?
Our vision is to be the best aerospace company for the world, for today and for future generations. We are integrating sustainability into all of our business activities. We aim to design, produce, operate and service products that have minimal impact on people and our planet throughout their entire life cycle. In addition to the new carbon offset service for customers, some of the initiatives we have introduced are:
Transforming our products. Click here to learn more.
Optimizing our sites. Click here to learn more.
Positive influence. Click here to learn more.
Adhering to global chemical regulations. Click here to learn more.