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Joby, JetBlue, Signature proclaim pathway “to utilisation of electric, hydrogen aviation credits”

By Chris Stonor

Joby Aviation, JetBlue Airways and Signature Flight Support announced this week a new pathway toward net zero aviation emissions through the utilisation of electric and hydrogen credits, reports a press release. This is to forge a new path towards net-zero emissions in the aviation industry which incentivises rapid commercialisation of clean propulsion systems.

The three companies aim to work together to ensure that such aviation carbon markets include the generation of credits for flights powered by green electric and hydrogen propulsion technologies, effectively connecting today’s airlines and operators to the development of sustainable solutions.

The three partners will jointly work together “to define the framework for the creation, validation and eventual use of these new credits on aviation carbon markets, including identifying a third party to oversee and validate transactions,” explains the release. The companies expect to confirm further details of the structure later this year.

While the three companies recognise that operations using electric and hydrogen propulsion technologies are in their early stages, in the near term, these will begin to reduce emissions in the short-haul category on a per-seat-mile basis.

JoeBen Bevirt, founder and CEO of Joby Aviation, commented, “With JetBlue and Signature, we’re opening up an entirely new path for the aviation industry to more quickly move to sustainable energy sources. We invite additional partners to join us and hope these agreements will be the first of many that link today’s air travel to the clean future of flight.”

In 2020, JetBlue became the first U.S. airline to achieve carbon neutrality for all of its domestic flights through the purchase of carbon offsets from solar, wind and forestry projects all across the globe.

JoeBen Bevirt

Sara Bogdan, Head of Sustainability and Environmental Social Governance at JetBlue, said, “This partnership allows JetBlue to not only continue to fulfil our domestic carbon neutrality commitment, but also evolve the type of offsets we purchase and help support the development of electric and hydrogen aviation, critical levers for meeting the U.S. aviation industry’s net-zero goals.” Meanwhile, JetBlue continues to invest in Joby’s success through its venture capital subsidiary, JetBlue Technology Ventures.

Last year, Signature set ambitious carbon reduction targets and was one of the world’s largest purchasers of SAF. The company has invested heavily in eco-friendly facility design, construction, and operations in the last five years.

Tony Lefebvre, CEO at Signature Flight Support, added, “Signature has long been the leader in moving the business aviation community towards a sustainable future. Today, we offer our customers the option to offset emissions at airports where SAF isn’t readily available with a book-and-claim model.”

He continued, “We’re excited to expand that model through this partnership to include the purchase of electric aviation credits from clean operators like Joby, all while supporting the innovative spirit that brings us closer every day to making flight sustainable for everyone.”

Signature Flight Support

The release explains:

How are these electric credits created?

Credits are generated by the reduction in emissions achieved by electric- or hydrogen-powered commercial flights in comparison to flights powered by an energy-equivalent amount of conventional jet fuel. Operators such as Joby will conduct an analysis of aircraft energy usage, measure emissions based on the source of the power used by the aircraft and generate credits commensurate with the emissions reduction achieved.

 Will these credits be verified or validated in any way?

Electric and hydrogen credits will be traded following similar principles to those used in developing marketplaces for SAF credits. Operators will commit to independent verification of aircraft energy usage and a transparent, verifiable process will be established for all credit transactions.

For more information

www.jobyaviation.com

www.signatureflight.com

jetblue.com

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