The UK budget carrier Easyjet (EZJ) is the first carrier to offset carbon emissions from all of its flights. According to the company, Easyjet has long-term targets in mitigating climate change and since 2000 the company has reduced its emissions per passenger kilometre by over 33%.
Easyjet is investing 25 million pounds in projects that help to offset carbon. According to Bloomberg, these include for example the top-rated projects like planting trees, increasing energy-efficiency and building water wells.
For longer-term development the company is co-operating with Airbus, Rolls Royce and Safran to develop new technologies for flying. This include for example the research related to electric aircraft. Easyjet is also committed to the use of sustainable aviation fuels (SAFs) as they will be more commercially available.
Easyjet was trading up 5,3 % to 1344,50 pounds in London today. The market cap of the carrier is 5,3 billion pounds.