At purchase, buyers “book” a specified quantity of sustainable fuel and “claim” emissions reductions towards their sustainability objectives, acquiring environmental benefits without physically possessing the fuel.
Formula 1 (F1) has announced its first investment in sustainable aviation fuel (SAF) via a “book and claim” model with DHL, as it aims to reach net zero by 2030.
As the sector and SAF infrastructure is expanding, it is not possible to directly fuel cargo planes used to move freight with SAF, says F1 in a Sept 20 announcement. Hence, the “book and claim” model allows F1 to “book” the required fuel amount via DHL’s GoGreen Plus service, which then gets added to the supply chain in other planes where SAF is directly available.
