The International Business Aviation Council (IBAC) has renewed its partnership with Carbon Trade eXchange (CTX) to launch a new, efficient platform for business aviation companies to buy carbon credits and offset CO2 emissions. The new ACE platform, available at www.offsetflights.com, offers a streamlined process for smaller transactions, featuring a curated selection of high-quality offsets starting at 100 tonnes.
While full CTX membership remains ideal for larger volumes of trades, the new B-to-B ‘retail’ platform simplifies the process for smaller purchases. The IBAC Carbon Credit Exchange, a result of the 16-year collaboration with CTX, offers access to a variety of offset projects certified by leading standards like The Gold Standard, UNFCCC CDM, and Verra VCS.
According to the Business Aviation Commitment on Climate Change (BACCC), high-quality offsets are a crucial part of achieving the industry’s net-zero carbon emissions target by 2050. Offsets complement other decarbonisation efforts such as operational improvements and sustainable aviation fuel (SAF).
IBAC Director General, Kurt Edwards said, “While the industry strives to meet its decarbonization goals directly, offsetting is a supplemental tool that allows operators to take mitigation action by financing carbon reductions achieved in projects outside the sector. With this new retail platform, we are pleased to see our partnership with CTX further evolve.”
Carbon Trade Exchange CEO Wayne Sharpe said, “The best way to start reducing emissions is to cost them in the business, and our low-cost solution helps maximize results for the Business Aviation sector. Importantly, operators can choose the projects from a ‘curated’ quality selection from around the world they choose to support. We are very proud to be part of this game changing solution with such fabulous business aviation leadership on a global scale.”
On the ACE platform, carbon credits are immediately canceled upon purchase by CTX, with unique certificates issued to buyers, ensuring transparency and efficiency without intermediaries.