Air New Zealand to Buy 8,000 Tonnes of Verified NZ Nature-Based Carbon Removals by 2030

MT Newswires Live

Oct 09

Air New Zealand (ASX:AIZ, NZE:AIR) said it has committed to buy 8,000 tonnes of internationally verified, New Zealand nature-based carbon removals by 2030, in partnership with My Native Forest, according to a Thursday statement.

My Native Forest provides a platform to invest in planting and restoring native forests across Aotearoa New Zealand in return for verified carbon removals.

The carbon removal commitments include 500 tonnes in 2028, 2,500 tonnes in 2029, and 5,000 tonnes in 2030.

The airline said it is also in the final stages of a further commitment to purchase internationally verified nature-based carbon removals and is expecting to sign a contract with a second New Zealand-based supplier by the end of the year.

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