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The Race to Net Zero: Formula E Champ di Grassi Buys Carbon Offsets from Rubicon Carbon

Formula E Champion and ABT CUPRA driver Lucas di Grassi partnered with Rubicon Carbon, a leading carbon credit management firm to offset his carbon footprint. This collaboration marks di Grassi as the first Formula E driver to invest in carbon credits to tackle his emissions. 

Di Grassi Shifts Gears to Carbon Offsets

The rapid growth of motorsports has raised environmental concerns, such as high carbon emissions. Initially limited, the industry’s sustainable practices now focus on reducing emissions, conserving energy, and using renewable resources to address climate change and promote greener racing.

Formula E shows how a complex, global motorsport industry should race toward achieving net zero emissions. The organization’s champ di Grassi took the first ride to sustainable racing. 

Lucas di Grassi, known for his activism in mobility technology, has become a leading figure in advocating for environmental responsibility within the racing industry. He has publicly distanced himself from industries that do not prioritize sustainability. He’s the first driver to offset all his CO2 emissions from traveling globally starting with his first Formula E race in China. 

Lucas di Grassi Formula E champion

Di Grassi has created a Rubicon Carbon Tonne (RCT) portfolio, a diversified and actively managed collection of carbon credits. This portfolio includes various carbon removal, nature-based avoidance, and industrial avoidance projects. The RCTs are designed to reduce risk and provide price certainty for buyers, enhancing their options for carbon offsetting.

Remarking on his collaboration with Rubicon, di Grassi said:

“In line with the values and objectives of Formula E, I drive an electric car and have adapted my lifestyle. But still, credible carbon avoidance and removal is the only way to do the sport we love and be responsible for our environment at the same time. I would be delighted if many other athletes, not only in Formula E, would consider the same path.”

Zero-Emission Race: Formula E’s Sustainability Revolution

Their collaboration illustrates how sports partnerships can drive positive environmental change and raise awareness about sustainability. Tom Montag, CEO of Rubicon Carbon, expressed his enthusiasm for the partnership, stating:

“We are excited to support Lucas and Formula E, who share our values in building a low-carbon future.”

Partnering with personalities like di Grassi is part of Rubicon’s broader strategy to invest in carbon projects worldwide. Recent initiatives include a large-scale ecosystem restoration project in Panama in collaboration with Ponterra, Microsoft, and Carbon Streaming. It’s a 250,000-acre restoration project in South Africa led by Imperative, and a partnership with YvY Capital to scale up carbon investments in Brazil.

Rubicon Carbon’s commitment to sustainability and innovation is reflected in its efforts to create impactful environmental solutions. By partnering with influential figures like Lucas di Grassi, Rubicon aims to inspire broader adoption of carbon offsetting practices within the sports industry and beyond.

Leading the Charge in Net Zero Carbon Racing

With seven days to go before the 2024 Hankook London E-Prix starts, this milestone highlights, once again, the environmental commitment of Formula E.

Motorsport’s carbon footprint primarily comes from transporting teams and vehicles globally and the emissions from fans traveling to races. Formula E tackles this by logically scheduling races worldwide, reducing unnecessary travel. 

In the 2022-23 season, Formula E implemented the ABB Ability OPTIMAX system to monitor race-specific energy usage, enhancing efficiency. Despite these efforts, freight still represents ¾ of the sport’s carbon footprint. 

  • The championship offsets between 35,000 and 40,000 tons of CO2 equivalent annually, aiming to cut its carbon footprint by 45% by 2030 from a 2018 baseline. Impressively, it has already achieved a 25% reduction.

Working with partners like DHL, Formula E explores sustainable aviation fuels and integrates sustainability across its supply chain. Initiatives include recycling tires and using recycled materials for vehicle chassis. Ultimately, the sports organization’s mission is to showcase how motor racing can thrive without emissions.

Formula E stands as the first sport with a certified net zero carbon footprint since its inception. The organization manages its carbon footprint through a 3-step process as : Measure, Reduce, and Offset.

  1. Measure

Formula E meticulously measures its carbon emissions across the entire championship. Since its inaugural season, the organization has partnered with carbon footprint experts to conduct a Lifecycle Assessment model. This model evaluates all race operations and Formula E’s headquarters, allowing for annual monitoring and calculation of greenhouse gas emissions. 

Formula E carbon emissions or footprint
Source: Formula E website

The motor racing organization’s emissions are categorized into:

  • Scope 1: Direct emissions (1.3%)
  • Scope 2: Indirect emissions from energy use (0.7%)
  • Scope 3: Other indirect emissions, including travel, freight, and car production (98%)
  1. Reduce

The world’s first all-electric FIA World Championship prioritizes reducing its carbon footprint through direct actions. In 2021, the motor racing set emission reduction targets validated by the Science Based Targets initiative (SBTi). The goals include a 60% reduction in Scope 1 and Scope 2 emissions and a 27.5% reduction in Scope 3 emissions by 2030, from a 2019 baseline. These targets aim to limit temperature rise to 1.5°C.

Formula E reduced carbon emissions 2019-2023
Source: Formula E website Notes: S5 refers to 2019 baseline, while S6-S9 refer to yearly emissions reduction until 2023.

Key emissions reduction initiatives include collaborating with logistics providers to use biofuels for road and sea freight, addressing the largest source of emissions in the championship.

  1. Offset

To address unavoidable emissions, Formula E invests in renewable energy projects in race markets. In Season 6, these investments offset all emissions since the sport’s inception, making them the first motorsport to achieve net zero carbon status. 

Formula E offset an estimated 33,800 tCO2e for Season 8 by purchasing and retiring 33,800 Certified Emission Reductions from two projects in Mexico. 

In Season 9, the electric motorsport advanced its commitment by aligning with PAS 2060, the international specification for demonstrating carbon neutrality, becoming the first global sports organization to do so.

Formula E’s pioneering efforts in measuring, reducing, and offsetting carbon emissions exemplify how even high-impact sports can lead to sustainability. By achieving and maintaining net zero carbon status, Formula E sets a benchmark for other industries to follow in the quest for a greener future.

The post The Race to Net Zero: Formula E Champ di Grassi Buys Carbon Offsets from Rubicon Carbon appeared first on Carbon Credits.

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What DECARBON 2026 Reveals About the Industry’s Next Move

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Decarbon 2026

The oil and gas industry is moving from intention to action. With a focus on sustainability and operational advancements, this sector is investing in groundbreaking technologies to meet new demands. Find out how the Oil and Gas Decarbonisation Congress (DECARBON) 2026 is driving this transformation and reshaping the global energy landscape.

The oil and gas sector has grown weary of abstract discussions around decarbonisation, hydrogen’s future and other optimistic projections. Grand narratives have done little to solve real-world problems, and industry players are increasingly unwilling to indulge them. Instead, the focus is shifting toward practical, technology-based solutions, even if most are still in their early stages. These changes are a response to pressure for environmental accountability and a direct consequence of the sector’s underlying realities. Specifically, the finite nature of natural resources and the rising costs of extraction have compelled companies to adopt long-term strategies aimed at sustaining profitability and resilience. As a result, investments are finally beginning to flow where they matter most — into technologies that can both curb emissions and sharpen operational efficiency. Rhetoric, it seems, is losing ground to results.

The Oil and Gas Decarbonisation Congress (DECARBON) 2026, held on 9–10 February in Vösendorf, Austria brings together technical specialists, project leaders and technical specialists to examine the most relevant trends and practical approaches to reducing carbon emissions across the upstream, midstream and downstream sectors.

Low-Carbon Hydrogen: Infrastructure and Application

Hydrogen (H₂) is widely recognised as one of the most critical tools in global decarbonisation strategies. According to the International Energy Agency (IEA), low-carbon hydrogen production could reach 180 million tonnes per year by 2050, depending on infrastructure deployment and policy alignment.

While green hydrogen holds great promise, its implementation remains largely aspirational due to current cost barriers. As a result, discussions around hydrogen

must go beyond ideal scenarios to address the market situation. This is why the agenda of the Oil and Gas Decarbonisation Congress 2026 includes a range of hydrogen technologies that are particularly relevant today.

The Congress features a Leaders Panel addressing the development of efficient hydrogen infrastructure, green hydrogen value chain development and foundational processes in low-carbon hydrogen production. Among the speakers are Tamás Mérő, Head of Green Hydrogen Value Chain Management at MOL Group, and Fabio Ferrari, Head of the Circular Carbon and Integration Solutions Department at NextChem, along with other industry leaders.

Digitalisation and Operational Performance

Digital tools have reshaped asset management and environmental monitoring across the energy industry. Automation, AI and real-time analytics have helped reduce emissions, cut OPEX and increase system stability. According to recent reports, technology leaders like Siemens are using digital twins and AI-powered analytics to monitor emissions, optimise system performance and support decarbonisation efforts across various sectors.

This growing emphasis on digital innovation is further reflected in a roundtable session at DECARBON 2026, focused on the role of technology in advancing sustainability objectives. Mario Calado Industry Strategy Lead at Siemens AG, participates in the discussion and shares insights into how digital transformation could be realised. Complementing this, Florian Klein, Business Development Manager for Energy Transition at Linde Advanced Operations Solutions, outlines how companies applied advanced operations systems to reduce energy use and move towards an autonomous plant. Moreover, at the Congress delegates have a chance to learn more about machine learning powered optical gas imaging solutions, P2X technologies, satellite technology and many others.

Electrification in Upstream Operations

Electrification has proved an effective lever for reducing Scope 1 and Scope 2 emissions in upstream operations as it has improved energy management and reduced operational variability.

During the session focused on decarbonisation for upstream operations, Ali Aboosi (Business Development Manager at Chromalox) presents the deployment of electric process heating systems across production assets. Dr. Bo Fu, CEO of Oiler.ai, contributes insights on the machine-learning-powered optical gas imaging solution for real-time methane leak detection and quantification. Additionally, Fayez Al-Mezel, Business Planning Specialist at Kuwait Oil Company, take part in the discussion, offering energy transition strategies for the upstream sector.

Carbon Capture and Storage at Industrial Scale

Carbon Capture, Utilisation and Storage (CCUS) remained a priority for industrial decarbonisation. According to McKinsey & Company, CCUS capacity needs to increase more than 120 times by 2030 to align with global net-zero targets. Progress toward this goal is underway: as of the first quarter of 2025, global operational CCUS capacity reached just over 50 million tonnes of CO₂ per year, reflecting a year-on-year increase.

To showcase how these targets are being addressed in practice, the Closing Panel at DECARBON 2026 presents case-studies from active CCUS projects across Europe, with a focus on integration, commercial readiness and cross-sector collaboration.

Speakers included:

● Dr Marc Scherle, Project Manager, Business Development & Sales, Linde Engineering – Decarbonisation of process industry using Linde technologies

● Phillip Cooper, Project Director, Petrofac – Design of the Aramis CCS pipeline system

● Kleopatra Avraam, Strategic Planning Senior Director, DESFA – Overview of DESFA’s CCS Project, APOLLOCO2

● Andreas Grobler, Strategic CCUS Partnership Manager, Shell Deutschland – Case examples from Shell’s global operations

The discussions at DECARBON 2026 underscore a clear industry pivot: away from theoretical promises and toward credible solutions. Topics like hydrogen infrastructure, digital transformation, upstream electrification and CCUS must be actively evaluated and, in some cases, deployed. Faced with finite resources and

rising operational pressures, the sector is responding not with rhetoric, but with targeted investment in technologies that deliver measurable outcomes. The message of DECARBON 2026 is clear: decarbonisation is not a distant ambition — it’s a competitive edge, and it’s happening now.

As the Congress motto states, “Reimagine the future of energy”, this call remains relevant across all segments of the industry. Explore what’s next with DECARBON 2026: https://sh.bgs.group/39p

The post What DECARBON 2026 Reveals About the Industry’s Next Move appeared first on Carbon Credits.

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Three Streams, One Goal: DECARBON 2026 Unites the Oil and Gas Value Chain

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At DECARBON 2026, leading companies come together to turn ambition into action — demonstrating the innovations and finding collaborations to drive the transition to a low-carbon future.

The oil and gas industry operates through highly complex systems in which upstream, midstream and downstream segments often follow distinct strategies and priorities. Upstream focuses on exploration and production efficiency, midstream prioritises secure and reliable supply routes, while downstream aims to enhance refining performance and reduce environmental impact. Aligning these three sectors towards a single goal — decarbonisation — remains one of the greatest challenges. Reducing emissions across exploration, transportation and refining requires technological innovation as well as cross-sector collaboration and consistent strategic alignment.

For these goals, the Oil & Gas Decarbonisation Congress (DECARBON) 2026 unites global industry leaders from the whole value chain to exchange practical insights and proven approaches that deliver measurable results. Throughout the Congress, companies across upstream, midstream and downstream share their experiences and innovations from P2X technologies and green hydrogen to AI-powered autonomous plants.

In the upstream-focused session, Kuwait Oil Company offers valuable perspectives on integrating energy transition strategies into exploration and production planning. Fayez Al-Mezel, Business Planning Specialist, delivers the presentation about the integration of energy transition into upstream strategies. He addresses key challenges such as capital-cost dispersion, technology readiness and infrastructure constraints. The speaker outlines mitigation measures, including modular pilot projects, standardised designs and verified data management. This approach demonstrates how strategic planning and transparent performance tracking translate decarbonisation ambitions into efficient, cost-competitive outcomes.

In the midstream discussion, LiveEO (Session Sponsor) highlights digital tools that enhance pipeline safety and sustainability. Nick Ferguson, Chief Evangelist, explains that satellite technology elevates pipeline safety. Drawing on a case study, he demonstrates that combining high-resolution satellite imagery with artificial intelligence enables the detection of 73% of previously unidentified threats and improves prediction accuracy by 80%, supporting proactive risk management and streamlined operations.

Kent participates in the dialogue dedicated to downstream decarbonisation, specifically low-carbon fuels and feedstock. Luigi Crolla, Head of Energy Transition Technologies, explores how integrating electrolytic hydrogen and Reverse Water Gas Shift (RWGS) technologies into waste-to-fuel processes enhances Sustainable Aviation Fuel (SAF) yield and reduces carbon intensity. While Kent operates across multiple energy transition domains, its contribution highlights the importance of technological integration in scaling sustainable fuel production.

By bringing together diverse organisations working across and beyond traditional sector boundaries, DECARBON 2026 creates a unified platform for forward-looking conversation. The Congress underscores that decarbonisation is not the responsibility of one stream alone but a coordinated transformation across the entire oil and gas value chain — from production to refining. Explore the full programme and speaker line-up at: https://sh.bgs.group/3hn

The post Three Streams, One Goal: DECARBON 2026 Unites the Oil and Gas Value Chain appeared first on Carbon Credits.

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ReNew Energy to Invest over $9 Billion to Boost Solar, Storage & Green Fuels in Andhra Pradesh

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ReNew Energy to Invest over $9 Billion to Boost Solar, Storage & Green Fuels in Andhra Pradesh

ReNew Energy Global Plc, an Indian renewable energy company, announced it will invest about US$9.33 billion (around ₹82,000 crore) in green energy projects in the southern state of Andhra Pradesh. This is one of the largest private investments in renewable energy in the region. The plan aims to expand India’s clean energy capacity while supporting local industries and jobs.

The investment will focus on key areas of renewable energy. This includes solar, wind, energy storage, and green fuel production. India is shifting from just power generation to a full renewable energy value chain. This multi-pronged approach highlights that change.

The Projects Included in the $9.33B Power Play

ReNew Energy’s projects in Andhra Pradesh are diverse. The company will set up a 6 GW solar ingot and wafer manufacturing plant. This facility will produce essential materials for solar panels. By making them locally, India can reduce its reliance on imports and strengthen its domestic solar industry.

In addition, the company will build a 2 GW pumped-hydro storage system. This storage will allow renewable energy to be saved when the sun isn’t shining or the wind isn’t blowing, making the electricity supply more reliable.

A green ammonia facility will also be built, producing around 300,000 tonnes per year. Green ammonia can be used as a cleaner fuel and for industrial purposes, helping reduce greenhouse gas emissions.

ReNew plans to develop 5 GW of hybrid renewable projects combining wind, solar, and battery storage. These projects aim to maximize energy output and efficiency. Together, all these efforts cover manufacturing, generation, storage, and newer forms of clean energy.

Benefits and Local Wins for Andhra Pradesh

Andhra Pradesh has set ambitious renewable energy targets. The state aims to achieve 78.5 GW of solar, 35 GW of wind, and 25 GWh of battery storage. ReNew Energy’s investment will help move the state closer to these goals.

Andhra Pradesh Renewable Energy Targets by 2029 (in GW)

The projects are expected to create over 10,000 jobs, both directly and indirectly. Jobs will vary from factory work at the solar plant to construction, operations, and maintenance of storage and hybrid projects. The investment will strengthen local supply chains. This gives businesses chances to provide materials, transport, and other services.

By producing solar wafers and ingots locally, the state can also reduce dependency on imported materials. This supports both energy security and the development of local industries.

Sumant Sinha, Founder, Chairman, and CEO, ReNew remarked during the announcement:

“ReNew has a long-standing presence in Andhra Pradesh and with this expansion we are bringing a fully integrated clean energy value chain to the state of Andhra Pradesh, from wafer to large-scale renewable projects and storage deployment…We appreciate the leadership and clear policy direction of the Government of Andhra Pradesh, which makes the state a natural partner in accelerating India’s energy transition and sustainable economic growth.”

Backing India’s Renewable Energy Ambitions

The world’s third-largest CO2 emitter has the following progress in its renewable power targets.

India clean energy progress
Source: DowntoEarth.org

Investments like ReNew Energy’s are essential to achieving this goal. They provide not just electricity but also infrastructure that supports the country’s shift away from coal and oil.

The company’s plans show that India is moving beyond simply building solar and wind farms. Making solar parts, building storage systems, and producing green fuels are key steps in creating a complete renewable energy ecosystem. This approach also strengthens India’s position in global renewable energy markets.

India power capacity by source type
Source: CEA and NPP

What are the Key Considerations?

ReNew Energy already operates wind and solar plants in Andhra Pradesh, including 717 MW of wind capacity and 60 MW of solar capacity. The new projects build on earlier investments of about ₹22,000 crore (US$2.5 billion) made in May.

The scale of the projects means careful planning is essential. Building factories and large storage systems requires land, permits, skilled workers, and strong infrastructure. Financing will also need to be managed carefully. It is not yet clear how much funding will come from company funds, loans, or government incentives.

Although the announcement is positive, implementing these projects will take years. The company, state authorities, and other stakeholders will need to work closely to ensure timely completion.

Cleaner Energy, Stronger Economy

The investment could bring both environmental and economic benefits for India. Cleaner electricity means lower greenhouse gas emissions. Local manufacturing reduces the need to import materials, which also lowers carbon footprints from transportation.

Economic benefits include job creation, skill development, and opportunities for local businesses. The green ammonia project could support industries that require cleaner fuels. Battery storage and hybrid projects can boost energy reliability. This benefits both households and industries.

ReNew Energy’s Emission Reduction Moves

ReNew Energy has strengthened its sustainability plans as it works toward becoming a net-zero company by 2040. The company aims to cut almost 90% of its total emissions from its 2022 levels, covering all scopes, including its supply chain.

The company is boosting energy efficiency at its sites. It’s also increasing clean power use and swapping out fossil-fuel equipment for electric options. It is also working with suppliers to adopt science-based climate targets and cleaner transport systems.

ReNew has made progress in recent years. In its latest reporting cycle, it reduced 18.2% of its Scope 1 and 2 emissions and helped avoid 18.6 million tonnes of CO₂ through its renewable projects.

ReNew Energy carbon emissions 2024 - 2025
Source: ReNew Energy

The company now gets 76% of its electricity from renewable sources. It has also saved over 540 million liters of water by focusing on conservation. ReNew’s targets are validated by the Science Based Targets initiative, reflecting stronger accountability and transparency.

Beyond emissions, ReNew also has broader environmental goals:

  • It aims to be water-positive by 2030 — meaning it gives back more clean water than it uses.

  • It targets zero waste to landfill in its operations.

  • It also aims to make a positive social impact, including having 30% women in its workforce and improving ESG

A Benchmark and Bold Step Toward a Low-Carbon India

If successful, ReNew Energy’s investment could serve as a model for other states in India. Private companies can invest in many areas of renewable energy. This includes manufacturing, generation, and storage. The size of the investment shows trust in India’s clean energy policies. It also highlights the country’s long-term renewable energy market.

ReNew Energy $9.33 billion investment in Andhra Pradesh is a big step for India’s renewable energy efforts. It includes solar manufacturing, storage systems, hybrid renewable projects, and green fuel production.

For the state, the projects offer job creation, energy security, and industrial growth. For India, they support national renewable energy targets and demonstrate the country’s commitment to cleaner energy.

The success of these projects will depend on execution, planning, and coordination among the company, governments, local communities, and supply chains. If done well, it could set a benchmark for future investments and contribute significantly to India’s transition toward a low-carbon economy. 

The post ReNew Energy to Invest over $9 Billion to Boost Solar, Storage & Green Fuels in Andhra Pradesh appeared first on Carbon Credits.

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