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Friday, September 7, 2007

Environmental Watch


Jets.com Introduces Carbon Offset Program
In what is perhaps the first carbon offset program in the corporate market, Jets.com partnered with Carbonfund.org to offer carbon neutrality to customers. The move follows Delta’s recently announced carbon offset program, the first in the U.S. airlines industry. Related Story www.aviationtoday.com/ran/categories/commercial/14876.html
Jets.com said it is setting the standard for the private jet industry, in partnering the leading carbon solutions organization in North America, on its Carbon Neutral Flights Program. Using World Resources Institute data, Carbonfund.org has determined the carbon dioxide emission (CO2e) rates for each type of jet on the Jets.com network. Jets.com has set up an online system that calculates the carbon offset cost using the specific jet's CO2e rate, the $5.50 unit cost for each CO2 metric ton and the estimated flight time of a given trip. The client then has the option to join the carbon neutral program when signing the Jets.com contract. The offset contribution, which will then be included in the cost of the trip, is 100 percent tax deductible. These charges will then be contributed to Carbonfund.org for reforestation programs. It is made in the client's name by Jets.com to Carbonfund.org. Jets.com will also forward supporting tax record documents to the customer.
"Providing private jet clients with the ability to fly carbon neutral is yet another win against global warming," said Eric Carlson, Executive Director of Carbonfund.org. "Offsetting flights with trees helps restore ecosystems, habitats and green communities, as well as create jobs. We applaud Jets.com's charter industry leadership in taking a stand against global warming."