How Formula 1 can help engineer the world’s net-zero future

illuminem summarizes for you the essential news of the day. Read the full piece on CNBC or enjoy below:

🗞️ Driving the news: Formula 1 aims to achieve net-zero carbon emissions by 2030, focusing on synthetic fuels, smarter travel logistics, and energy efficiency
• F1 produced 223,031 metric tons of CO₂ in 2022, with most emissions from travel and shipping
• Efforts have already cut emissions by 13% since 2018, despite an expanded race calendar

🔭 The context: Leveraging its advanced engineering, F1 has pioneered innovations in fuel efficiency and smart energy management, pushing for cars powered by synthetic fuels by 2026
• With carbon-heavy travel routes, F1’s reduction strategy includes altering race locations and modes of transport

🌍 Why it matters for the planet: F1’s focus on synthetic fuels could contribute to decarbonizing industries beyond sports, addressing emissions where electrification is currently unfeasible
• Additionally, investments in carbon capture signal F1’s potential to influence emissions reduction across multiple sectors

⏭️ What's next: F1 plans to continue refining synthetic fuel options, optimizing energy systems, and possibly scaling carbon capture investments
• Aiming for a 50% emissions cut by 2030, F1 is also considering long-term carbon removal solutions to offset unavoidable emissions

💬 One quote: “If we all lean in together, we can bring in skills, expertise and experience from really unusual places, combine them and make a really big difference,” - Kim Wilson, McLaren’s Director of Sustainability

📈 One stat: F1’s emissions dropped by 13% from 2018 to 2023, a significant step despite an increased number of races

Click for more news covering the latest on net zero