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Formula 1 carbon footprint and net zero pledge

Famous for its luxurious fun and glitz, Formula One, also called F1, has been notorious in single-seater motorsports. But as the conversation around climate change has intensified, Formula 1 is in the spotlight with concerns about its carbon footprint and what the sports company is doing to reduce it.

As Formula 1 goes to Las Vegas for the first time this Friday, more eyes are prying into the company’s sustainability efforts. 

How Much Does F1 Contribute to Global Warming?

Given how much carbon dioxide cars emit each year, it’s not surprising that F1 has been heavily scrutinized by environmentalists. 

So, how much carbon dioxide does the car racing company release to the atmosphere? 

According to F1’s 2019 sustainability report, when it first announced its 2030 net zero emissions target, the company emitted 256,551 tonnes of CO2. This carbon footprint is emitted by 10 teams, 20 car units, and 23 racing events in various locations. 

Formula 1 carbon footprint 2019Interestingly, a very small amount of its total carbon emissions, less than 1%, came from the use of F1 cars. It refers to the emissions associated with the fuel usage of F1’s power units (racing cars). 

As seen above, the bulk of the footprint (45%) came from logistics or emissions from air, sea, and road transportation. This is the same with other popular sports where the majority of the pollution is from players and fans traveling. 

Similarly, up to 85% of emissions by professional sports events come from the travel and accommodation of fans.

Another major contributor to F1’s emissions is the energy needed to power its race tracks, particularly for events at night. Add to this the emissions associated with car production and track maintenance, which have been increasing over the years. 

Formula 1’s environmental impact is undeniable. As F1 race cars’ engines burn massive amounts of fossil fuels, the company is keen to lower its emissions.   

To address its huge CO2 footprint, Formula 1 pledged to reach net zero emissions by 2030. The company also aims to make each race sustainable by 2025. 

What is F1 Doing to Hit Its Net Zero Destination?

Same as Formula 1, the International Automobile Federation (FIA) also aims to be net zero by 2030. But compared to F1, its carbon footprint of 18,910 tonnes of CO2e in 2019, is far way lesser. 

Still, motor car racing doesn’t bode well for the planet and the sport company knows this for sure. For years, F1 has been looking for ways to reduce its carbon emissions through using different means.

Ross Brawn, the company’s Managing Director of Motorsports, said that:

“As always, there is never one silver bullet to these challenges. There are a whole array of changes we have to make, from on the track to where we work.”

The company was able to reduce its footprint by 17% over the first 2 full years since 2019. Such reduction is achieved through a combination of various initiatives.

  1. Use of sustainable fuels 

Formula 1 has successfully introduced E10 fuel, composed of 10% ethanol, to its power units, reducing total carbon emissions. With that, the sports company intends to run its cars on 100% sustainable fuels in partnership with Saudi Arabian Aramco and other major fuel companies. 

The new engine formula will be available by 2026. It’s a drop-in fuel as it is ready for use in the same formula in internal combustion engines (ICE). Formula 1 plans to partner with F2 and F3 to test the cleaner fuel. 

The sustainable fuels will use a carbon capture technology or municipal wastes to further reduce CO2 emissions. These alternative fuels can offer up to 96% carbon emission reductions.

  1. Use of renewable energy

F1 garnered the topnotch sustainability management accreditation awarded by the motorsport governing body FIA for using 100% renewable energy in its offices. 

Also under this means, the company turns to solar panels for powering up some venues. Other circuits are 100% renewable powered, too. 

  1. Other sustainability measures

  • Standardizing cars using V6 engines: The V6 engines are much smaller, designed for fuel efficiency and promoting environmentally-friendly car motor racing. 
  • Single-use plastics
  • Incentives for fans to use greener ways to go to events
  • Re-using and recycling wastes in events
  • Recycling tires as fuel for cement manufacturing

The Race to Sustainability is On

Some F1 drivers are also contributing individually to the company’s sustainability and climate actions. For instance, world champ Sebastian Vettel has been opting out of air travel going to racing events. Instead, he drove to races to reduce his travel emissions. 

The professional motorsport company is also supporting carbon projects that generate carbon credits, including Rimba Raya Biodiversity Reserve in Indonesia and renewable energy generation projects in Zambia and India. However, the company didn’t disclose how much credits it’s buying from the projects to offset a part of its emissions.

Looking ahead, Formula 1 is planning to further improve logistics to the Grand Prix to cut the sport’s CO2 footprint. As the Las Vegas Grand Prix is around the corner, fans (and critics) are on the move to witness F1’s biggest best ever. 

F1 Las Vegas GP ticket prices are going down significantly. Friday prices dropped by 62% (from $825 to $312) while Saturday prices decreased 34% (from $1,645 to $1,087).

The sport’s sustainability efforts are promising, but they’re just the beginning of the race. With seven more years to go until 2030, Formula 1 is racing towards its net zero goal. 

The post The Race to Sustainability: Formula 1’s Carbon Footprint and Net Zero Pledge appeared first on Carbon Credits.

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PowerBank Embraces Bitcoin and Tokenized Energy in Bold Treasury Shift to Digital Finance

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PowerBank Embraces Bitcoin and Tokenized Energy in Bold Treasury Shift to Digital Finance

Disseminated on behalf of PowerBank Corporation.

PowerBank Corporation recently announced a new treasury strategy that includes holding Bitcoin. This move combines innovative finance with the company’s ongoing mission to develop clean energy projects. PowerBank aims to hold Bitcoin on its balance sheet. It has also teamed up with Intellistake Technologies Corp., a company focused on blockchain and digital asset custody and treasury management.

PowerBank intends to acquire Bitcoin as part of its treasury assets. This allows the company to tap into the long-term value of the cryptocurrency. Also, it remains dedicated to environmental responsibility and sustainability.

Linking Bitcoin with Clean Energy

Bitcoin mining is often criticized for high energy consumption and its impact on the environment. Some experts and companies think Bitcoin can help renewable energy grow. This is true when it is linked to clean power sources. That is the approach PowerBank follows.

PowerBank states that all Bitcoin transactions it completes will use net cash flow from verified renewable energy sources. This helps maintain its focus on sustainability.

So, Why Bitcoin? 

PowerBank views Bitcoin not just as an investment but as a strategic reserve asset. Holding Bitcoin on its balance sheet can help the company hedge against inflation and economic uncertainty. This trend includes more than 40 public companies that hold Bitcoin as of 2024, says Galaxy Digital.

Bitcoin is decentralized and has a limited supply of 21 million coins. This makes it appealing for companies that want a long-term hedge against inflation. PowerBank has committed to transparency with its future Bitcoin holdings and will report them openly.

A Smart Power Duo: PowerBank x Intellistake

PowerBank has teamed up with Intellistake Technologies Corp. This partnership will help PowerBank with technical advice, custody, digital asset security, blockchain infrastructure, and treasury management. All these services support PowerBank’s Bitcoin strategy and related plans.

Through this collaboration, the company gains access to Blockchain infrastructure and digital asset custody.

Expanding Clean Energy Finance Through Digital Assets

PowerBank’s Bitcoin strategy positions it as a pioneer in linking digital assets with clean energy development. Bitcoin purchases with net cash flow generated from renewable energy can offset the electricity used in Bitcoin mining

Research from groups like the Energy Web Foundation and the Cambridge Centre for Alternative Finance backs this idea. Using low-carbon energy for Bitcoin mining can turn it from a problem into a tool for grid management, and PowerBank is using a similar indirect approach through the use of net cash flow from renewable energy projects to acquire Bitcoin.

The announcement has attracted attention from ESG-focused investors and the broader crypto community. It shows a rising interest in how renewable energy developers can use blockchain and digital assets in their financing models.

A Bloomberg NEF survey found that approximately 60% of renewable energy developers are exploring blockchain or digital asset solutions to support project financing. If PowerBank’s approach works, it may inspire other clean energy companies to try similar strategies.

Beyond Bitcoin: Energy on the Blockchain

In addition to Bitcoin, PowerBank is advancing blockchain-based finance through its partnership with Intellistake. Intellistake specializes in blockchain, capital markets, and decentralized AI infrastructure.

Under this agreement:

  • PowerBank plans to accumulate Bitcoin as a long-term reserve asset.
  • Intellistake provides custody, digital security, and treasury management tools.
  • Both companies will look into tokenizing real-world energy assets. This includes solar farms and battery storage systems.

Tokenization is turning physical assets into digital tokens. These tokens can be traded or sold in regulated markets. This can lead to:

  • Easier access to renewable energy investments.
  • Faster, transparent transfers of ownership.
  • New ways to raise capital through fractional ownership.

Intellistake’s CEO, Jason Dussault, has stated that tokenization is no longer just a concept but an inevitable step for capital markets. 

Analysts say tokenized real-world assets might reach a $30 trillion market by 2034, while some projected it to reach almost $19 trillion by 2033. Clean energy is a major use case because of its stable, asset-backed value.

tokenization growth forecast 2033

Reasons for Bitcoin as a Treasury Asset

PowerBank’s Bitcoin treasury plans reflect a broader corporate trend. Many companies view Bitcoin as:

  • Scarce and resistant to inflation.
  • Easily transferable with global liquidity.
  • Increasingly adopted by blockchain-based financial systems.

Firms like MicroStrategy, Block, and Tesla have added Bitcoin to their balance sheets to diversify reserves beyond bonds and cash. PowerBank has not yet confirmed any Bitcoin purchases.

The company plans to make decisions based on market conditions, liquidity needs, and cash flow. PowerBank wants to keep full control of its digital assets. So, it has Intellistake providing custody infrastructure, which means no need for third parties.

A New Model for Clean Energy Finance

PowerBank generates steady revenue from its renewable energy projects. The company might use these revenues to invest in digital assets. They plan to connect clean energy with advanced financial technologies.

PowerBank has developed over 100 megawatts (MW) of renewable energy projects in the U.S. and Canada. It also has a pipeline of about 1 gigawatt (GW). This gives PowerBank a solid base to try out new financing methods.

Powerbank project pipeline
Source: PowerBank

The company’s integration of Bitcoin and tokenization may change how energy developers manage their finances. The company intends to combine renewable energy projects with treasury diversification and blockchain finance. This approach opens a new frontier for decarbonization and financial technology.

As investors and utilities seek sustainable, high-yield options, PowerBank’s approach could open new value opportunities in both the energy and finance sectors.

Please refer to “Forward-Looking Statements” in the press release entitled “PowerBank and Intellistake Announce Strategic Alliance to Pioneer Digital Currencies, including Bitcoin Treasury Integration and RWA Tokenization” for additional discussion of the assumptions and risk factors associated with the statements in this report.

Intellistake and PowerBank are presently evaluating the regulatory framework for tokenization. Any tokenization will be subject to it being completed in compliance with applicable law, regulatory requirements and terms of any underlying agreements associated with PowerBank assets. The actual structure of such tokenization, the assets that would be subject to tokenization, and the associated timeline, have not yet been determined. Intellistake and PowerBank will provide further updates as material developments related to this tokenization strategy occur.

The actual timing and value of Bitcoin purchases, under the allocation strategy will be determined by management. Purchases will also depend on several factors, including, among others, general market and business conditions, the trading price of Bitcoin and the anticipated cash needs of Intellistake or PowerBank. The allocation strategy may be suspended, discontinued or modified at any time for any reason. Intellistake will support PowerBank’s establishment of custody for its digital currency purchases and PowerBank no longer intends to utilize Coinbase for this service. As of the date of this press release, no Bitcoin purchases have been made.


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The post PowerBank Embraces Bitcoin and Tokenized Energy in Bold Treasury Shift to Digital Finance appeared first on Carbon Credits.

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CDR Credit Sales Hit Record High, Powering Market Growth in 2025

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The voluntary carbon market is booming in 2025. Allied Offsets data showed that in the first quarter of 2025, around 780,000 CDR credits were contracted — a surge of 122% compared to the same period in 2024.

Additionally, 16 million credits were sold in the first six months of 2025 – marking it the strongest start to a year so far. The momentum is fueled by major buyers like Microsoft, aiming to be carbon negative by 2030, and by a surge in biomass-based removal methods that are reshaping corporate offset strategies.

Why Carbon Dioxide Removal Credits Are Surging

Businesses are racing to hit climate targets faster, and carbon dioxide removal (CDR) is emerging as the go-to solution. The biggest boost this year comes from biomass-based methods — like turning farming and forestry waste into tools for trapping CO₂. These projects are cheaper, easier to scale, and more accessible than high-cost tech such as direct air capture (DAC).

By early 2025, biomass CDR accounted for about 40% of credit volumes. Microsoft and other big players are securing large volumes, setting quality benchmarks, and pushing the market toward transparent, high-integrity projects.

Source: Zion Market Research

Technology Shifts in CDR

  • Biomass-based CDR — including BECCS, biochar, bio-oil, and biomass burial — made up a massive 94% of total volumes in the first half of 2025.

  • Investment focus, however, is still heavily skewed toward DAC and carbon utilization projects, despite other scalable and cost-effective CDR options.

  • More public awareness and funding diversity are needed to unlock the full potential of multiple CDR pathways.

New innovations are also redefining CDR. About 30% of new projects now use methods such as advanced soil carbon storage, bio-oil injection, and marine carbon removal, which can store CO₂ for hundreds or even thousands of years.

Digital MRV platforms are also transforming the space, offering real-time tracking to boost transparency, prevent fraud, and speed up purchase decisions. Meanwhile, integrated projects like agroforestry, regenerative agriculture, and biodiversity restoration are gaining traction for their multi-benefit environmental impact.

carbon dioxide removal CDR credits
Source: AlliedOffsets

Environmental Benefits of Biomass CDR

Biomass approaches like biochar and BECCS offer cost-effective solutions, often ranging from $80–$200 per ton.

These methods work within a circular economy model — repurposing agricultural and forestry waste into long-term carbon storage. BECCS delivers a dual benefit by producing renewable energy while storing CO₂ underground.

However, without strict MRV protocols, poorly managed biomass projects risk deforestation or biodiversity loss. Global removal capacity is still only 41 million tons CO₂/year, yet it needs to grow 25–100x by 2030 to meet climate goals.

Market Segmentation

By technology: DAC, afforestation & reforestation, soil carbon sequestration, BECCS, ocean-based CDR, and enhanced weathering.

  • DAC, holding 67% of global revenue in 2023, is set for the fastest growth thanks to flexible deployment and industrial CO₂ utilization.

By application: Consumer products, energy, transport, and industrial sectors.

  • The industrial sector leads due to rising emissions from cement, steel, and chemicals.

CDR Buyer Trends in 2025

  • Financial services firms led in the number of unique buyers, while technology companies dominated purchase volumes with over 50 million credits bought so far.

  • Half of all buyers in early 2025 were first-time participants, collectively purchasing around 6 million credits which is a promising sign of market expansion.

Market Momentum and Future Projections

The CDR market hit $3.9 billion in Q2 2025, with biomass projects making up 99% of transactions. Microsoft continues to drive momentum by locking in long-term purchase agreements that help projects scale.

Market forecasts suggest CDR’s value will grow from $842 million in 2025 to $2.85 billion by 2034, while durable carbon credits could soar to $14 billion by 2035, growing 38% annually.

Rising buyer expectations — around permanence, transparency, and quality — are further reinforced by new regulations, particularly in Europe, pushing out low-integrity credits.

CDR market
Source: Zion Market Research

Opportunities and Challenges Ahead

The CDR market stands to benefit from government-backed carbon incentives, increasing demand for carbon credits, and the potential to create new jobs in sectors such as farming, engineering, and construction. However, its growth faces hurdles, including limited public awareness of CDR’s advantages and the risk of political instability slowing adoption.

What’s Next for Carbon Dioxide Removal?

The market is at a turning point. Experts predict a blend of nature-based and durable removals, with the latter gaining ground toward 2050 as quality demands rise. The future will rely on smarter investments, high-fidelity data tracking, and clear global standards.

Corporate leaders like Microsoft are already showing the way — proving that transparency, permanence, and innovation will define the next era of climate action.

The post CDR Credit Sales Hit Record High, Powering Market Growth in 2025 appeared first on Carbon Credits.

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Toyota’s (TM Stock) Q1 Twist: Why Profits Dip But Hybrids Surge, and Net Zero Goals Accelerate

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Toyota’s (TM Stock) Q1 Twist: Why Profits Dip But Hybrids Surge, and Net Zero Goals Accelerate

Toyota Motor Corporation reported a sharp drop in earnings for the quarter ending June 30, 2025. Net profit fell 37% to ¥841 billion ($5.7 billion), down from ¥1.33 trillion a year earlier. This marked one of the steepest quarterly declines in recent years. Revenue, however, rose 3% year-over-year to ¥12 trillion ($82 billion), supported by strong demand in North America and Asia.

The primary drag came from new U.S. tariffs of 15% on Japanese car imports, which reduced profit by an estimated ¥450 billion. Higher costs for raw materials and a stronger yen hurt overseas earnings. Global inflation also impacted the results.

Toyota has revised its full-year operating profit forecast downward to ¥2.66 trillion ($18 billion). This speaks of a more cautious outlook for 2025. Analysts say the biggest automaker is keeping strong sales. However, profit margins face pressure from outside economic factors.

Amid the financial hiccup, the company reaffirmed its commitment to climate leadership. It aims for carbon neutrality with strong emissions targets, green manufacturing projects, and renewable energy investments. This effort is part of its Environmental Challenge 2050 framework.

Hybrids Take the Wheel as Sales Defy the Downturn

Global vehicle sales for the quarter reached 2.4 million units, up from 2.2 million a year ago. Toyota’s sales in North America rose nearly 20% in July. This boost came from its hybrid models, like the RAV4 Hybrid and Camry Hybrid, which both showed double-digit growth.

Toyota vehicle sales
Source: Toyota

Hybrid and plug-in hybrid models make up over one-third of Toyota’s total sales. This shows how important electrified powertrains are becoming in the company’s lineup.

Battery electric vehicle (BEV) sales, while still a smaller portion, increased steadily in markets with expanding charging infrastructure.

Toyota stayed on top in Japan and Southeast Asia. This was thanks to its compact cars and commercial vehicles. However, European sales dipped a bit due to tougher emissions rules and strong competition from local EV brands.

Toyota’s share price fell about 1.6% following the earnings announcement, as tariff concerns weighed on investor sentiment. Even with this dip, the stock still looks good. Its forward price-to-earnings (P/E) ratio is 6.9. That’s lower than the industry average of 8.0 and Toyota’s five-year average of 9.3.

toyota stock price
Source: TradingView

Driving Toward 2050: Toyota’s Net Zero Roadmap

Toyota has set a long-term target to achieve carbon neutrality across the entire life cycle of its vehicles by 2050. This goal covers emissions from all stages: vehicle design, production, use, and recycling. It also includes emissions from suppliers and logistics partners.

In its latest sustainability report, Toyota reported its Scope 1 and Scope 2 greenhouse gas emissions. These emissions, from direct operations and purchased electricity, reached around 2.05 million metric tons of CO₂e in FY 2024. This shows a 15% drop from FY 2019 levels. The company aims to cut these emissions by 68% by 2035, using 2019 as the baseline year.

For Scope 3 emissions, which account for most of Toyota’s footprint, targets are set. By 2030, Toyota aims for a 30% reduction from suppliers, logistics, and dealerships. They also seek a 35% cut in average vehicle-use emissions. These goals account for the fact that tailpipe emissions from vehicles remain the single largest part of the company’s climate impact.

Globally, Toyota is investing in solar, wind, hydrogen, and renewable natural gas to power its factories. It has also joined multiple international coalitions to accelerate low-carbon manufacturing and logistics.

The largest carmaker is investing a lot in renewable energy. They plan to use 45% renewable electricity in North America by 2026. By 2035, they aim for 100% renewable energy at all global plants.

Projects include:

  • Large-scale solar panel installations at assembly plants
  • Hydrogen-powered forklifts
  • Renewable natural gas systems at engine facilities.

The company’s approach combines electrification with manufacturing decarbonization. This includes hybrids, battery electric vehicles (BEVs), and hydrogen fuel cell vehicles.

Toyota’s leaders think this multi-pathway strategy will reduce emissions quickly. This is especially true in areas where full BEV infrastructure is still growing. It also helps ensure steady progress toward the company’s 2050 carbon neutrality goal.

toyota ghg carbon emissions
Source: Toyota

In summary, the company’s near-term reduction targets are:

  • 68% reduction in Scope 1 and 2 emissions by 2035 (compared to 2019 levels).
  • 30% cut in Scope 3 emissions from suppliers, logistics, and dealerships by 2030.
  • Matching 45% of electricity use with renewables in North America by 2026.

Environmental Challenge 2050: Six Pillars of Action

Toyota’s Environmental Challenge 2050, launched in 2015, remains its guiding framework for sustainability. The initiative is built on six core challenges:

  1. Zero CO₂ emissions from new vehicles through hybrid, BEV, and hydrogen fuel cell adoption.
  2. Zero CO₂ emissions in manufacturing by shifting to renewable energy and low-carbon processes.
  3. Life cycle zero CO₂ emissions, including recycling and parts reuse.
  4. Minimizing water usage and improving water discharge quality.
  5. Protecting biodiversity around manufacturing sites and supply chains.
  6. Advancing a circular economy by extending product lifecycles and reducing waste.

Toyota aims to sell 1.5 million BEVs annually by 2026 and 3.5 million by 2030, alongside continuing hybrid and fuel cell development. This multi-path approach allows the company to meet varying customer needs and infrastructure readiness levels worldwide.

TOYOTA electrification milestone
Source: Toyota

Green Manufacturing: Major Investments in Low-Carbon Plants and ESG 

Toyota’s largest new sustainability investment is a ¥140 billion ($922 million) advanced paint facility in Georgetown, Kentucky. Set to open in 2027, the plant will reduce paint shop carbon emissions by 30% and cut water use by 1.5 million gallons annually.

In Japan, Toyota is piloting hydrogen-powered forklifts and solar-powered assembly lines. The company will use 100% renewable electricity for its manufacturing in Europe by 2030.

These projects reduce environmental impact and boost operational efficiency. They support Toyota’s goals of sustainability and profitability.

Beyond emissions, Toyota is strengthening its broader ESG performance. The company has strict human rights rules for suppliers. These rules include labor conditions, conflict minerals, and environmental compliance. By 2030, Toyota aims for 90% of its top suppliers to set their own science-based emissions targets.

In 2024, Toyota diverted 94% of waste from landfills globally and recycled over 99% of scrap metal from manufacturing. It also invested in reforestation projects in Asia and Africa as part of its carbon offset strategy.

Balancing Short-Term Pressures With Long-Term Goals

The April–June quarter highlighted Toyota’s resilience in the face of macroeconomic challenges. Tariffs and currency changes have hurt short-term profits. However, strong vehicle sales, especially in hybrids, keep the company competitive.

At the same time, Toyota is moving ahead with one of the most thorough sustainability programs in the auto industry. Its carbon neutrality goals and the Environmental Challenge 2050 framework guide its actions. Also, large-scale green manufacturing investments help meet the growing demands for cleaner mobility from regulators and consumers.

As Toyota navigates market volatility, its ability to deliver both financial and environmental strategies will be key to maintaining global leadership in the shift toward sustainable transportation.

The post Toyota’s (TM Stock) Q1 Twist: Why Profits Dip But Hybrids Surge, and Net Zero Goals Accelerate appeared first on Carbon Credits.

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