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26

Aug

Formula 1 on track to be Net Zero Carbon by 2030 with 26% reduction in carbon footprint

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Formula 1 has today announced that it is firmly on track to achieve its target of becoming Net Zero by 2030, having delivered a 26% reduction in its carbon emissions by the end of 2024 compared to its 2018 baseline.

This progress has been driven by cross-sport collaboration with Formula 1 teams, partners, promoters, and the FIA, and comes during a period of remarkable growth, with the race calendar expanding from 21 events in 2018 to 24 in each of the past two seasons. Over the same period, race attendance has surged from 4 million to 6.5 million, and Formula 1’s global fanbase has grown to over 826 million. The data shows that if no changes had been made to operations during this time, there would have been an estimated 10% increase in the sport’s carbon footprint vs 2018.

Read the full article here.