MEXICO CITY, Mexico – Today Aeromexico signed an agreement with the independent platform for trading carbon credits called MEXICO2, to purchase Certified Emission Reductions (CERs), also known as carbon credits, for national projects certified under international standards.
MEXICO2 facilitates the purchase and sale of CERs and supports offsetting emissions, thereby guaranteeing the transparency of transactions in the voluntary carbon market.
“The global aviation industry is responsible for two percent of all CO2 emissions from the use of fossil fuels, and this figure could grow to three percent by 2050. Signing this agreement with MEXICO2, means that Aeromexico has adopted the International Aviation Transport Association (IATA) guidelines to offset carbon emissions, based on the commitment set in 2005 for carbon-neutral growth by 2020 with 50% reduction by 2050 relative to 2005 levels,” said MEXICO2 director Eduardo Piquero.
In signing this agreement, Aeromexico, and its passengers join one of the best international practices for environmental protection offsetting part of their annual air emissions. A percentage of the sum collected will be provided directly by the airline with another amount supplied by its customers. The full amount will be used to acquire carbon credits from renewable energy and methane capture projects through MEXICO2.
“The acquisition of carbon credits represents an excellent opportunity for us to contribute to the fight against climate change, as part of our concern for environmental protection. As the leading airline in the Mexican aviation industry, Aeromexico is fully committed to participating in actions that produce a positive impact on the environment,” said the airline’s CHRO Sergio Allard.
Offsetting emissions by buying carbon credits is just one of the actions listed in the reorganization document for Aeromexico’s “Fly Green” program launched in November 2013. Its primary objective is to raise environmental awareness and reduce CO2 emissions while offering customers a new way to travel by reducing the environmental impact of flying.
In addition to reducing greenhouse gas emissions (GHG), our investment in carbon credits supports the reuse of Mexico’s natural resources and the sustainable development of its economy as this encourages innovation and motivates companies to care for our planet.
Mexico’s financial exchange, Bolsa Mexican de Valores (Grupo BMV) and the Mexico Carbon Platform, MEXICO2, recognize that Aeromexico is a company committed to the fight against climate change, and interested in preserving best practices and engaging its customers in this effort that involves us all.