A carbon credit is a certificate or permit used by global industries to control greenhouse gas emissions. In private aviation, companies like Stratos Jet Charters have started eco-jet charter programs to help clients offset their carbon footprint. It allows them to contribute to carbon reduction initiatives in a meaningful way, without significantly increasing the cost of private jet travel.
Making a Difference
In addition to placing a cap on the total annual emissions allowed, global trading partners use carbon credits to fund carbon reduction initiatives all around the world. For instance, Stratos Jets partners with a company called TerraPass. They offer opportunities for individuals and businesses to purchase carbon offsets. When a Stratos Jets client requests an eco-jet charter flight, they agree to a slight increase in their cost of private jet travel. TerraPass then uses that surplus to fund a range of innovative projects, including:
- Renewable energy
- Energy conservation
- Alternate energy
By using these contributions for a single cause, TerraPass can fund larger projects that yield substantial results. They can achieve much more using this collective approach than an individual could acting alone. As a result, private jet travellers have peace of mind knowing he or she has is making a difference.