Delta pledges $1 billion to offset 350 million MT of emissions by 2030

February 26, 2020
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JetBlue announced its plans to go carbon-neutral on its domestic operations earlier this year, and Delta followed suit by committing $1 billion over the next 10 years. Both airlines acknowledge that the path to carbon neutrality will largely be achieved through carbon offsets and the continued efficiency gains of its airplanes. With a projected 350 million MT over the next decade, each carbon offset would work out to $2.65/MT, which is on the lower end of the price range but not unrealistic. The increasing activity around offsets aligns with IATA's roadmap and is likely to increase over the next 15 years, as commercial-scale biojet fuel production remains limited today but with major projects expected to come online in the next five years.

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