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Fly Air x KlimaDAO: Automated Carbon Offsets for Chartered Jets

Updated: Nov 14, 2023


Cover image highlighting the partnership between Fly Air and KlimaDAO.

Leveraging novel digital technologies, the partnership between KlimaDAO and Fly Air will enable transparent, immediate carbon offsetting to compensate for the carbon emissions of chartered jet services.

KlimaDAO and Fly Air have partnered together to launch a first-of-its-kind fully automated carbon offsetting solution for chartered jet services.


The partnership will enable the carbon emissions of flights to be automatically calculated based on the type of jet used and the distance traveled. This information will be utilized by the platform to ensure that sufficient compensatory measures are taken by Fly Air on behalf of its customers to mitigate the impact of the carbon emissions.


 

The partnership will facilitate instantaneous offsetting of carbon credits via KlimaDAO which is built on top of the public blockchain Polygon, meaning that the carbon credits that are retired are fully traceable and verifiable, including the amount, type and vintage year of the credits used.


Today, there are almost 25 million carbon credits available within the Digital Carbon Market that can be utilized by projects looking to efficiently and transparently offset their carbon emissions.


Through the development and implementation of a carbon offsetting strategy, Fly Air and its customers will be supporting the development of projects within the market that are undertaking high-impact sustainability work that can protect and regenerate vulnerable ecosystems, and decarbonize the economy.

Climate leadership

The airline industry is a highly carbon intensive industry, which faces unique challenges on its journey towards Net Zero status. Technologies such as airframe enhancements, sustainable aviation fuels, batteries and hydrogen combustion engines do not yet have the scale or maturity to viably decarbonise the entire industry.


Carbon offsetting is a mechanism to compensate for carbon emissions in the medium term as alternative, zero-carbon solutions mature. Ensuring that transparent, traceable carbon offsetting is executed is key to ensuring consumer confidence in the chosen compensatory measures is maintained.


About Fly Air

Fly Air is a private jet booking solution, offering premium services for high-end travelers who quickly want to search, reserve, and pay for their private chartered flights on-demand. Fly Air works with 900 fixed based operators around the world and through a proprietary algorithm matches members with over 10,000 available aircraft in its global inventory. Membership for our service is completely free and includes an incentivized rewards program that pays our members "Fly Miles" in $Fly tokens for booking travel through the app.


By providing a user-centric design that connects to multiple jet operators, FlyAir enables access to private travel faster with more flexibility and lower costs.


About KlimaDAO

KlimaDAO's mission is to accelerate the delivery of climate finance globally by building the transparent, neutral, and public infrastructure needed to scale the Digital Carbon Market.




Disclaimer: The information provided in this blog post pertaining to KlimaDAO (“KlimaDAO”), its crypto-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this blog post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This blog post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. KlimaDAO and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and KlimaDAO expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. KlimaDAO reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this blog post supersedes any prior blog post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither KlimaDAO nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this blog post by you or any of your representatives or for omissions from the information in this blog post. Additionally, KlimaDAO undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this blog post.

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