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FINANCIAL NEWS
Etihad Airways signs agreement with Masdar
18 May 2010
(MENAFN) Etihad Airways, the UAE national carrier, said that it has signed a service agreement with the Abu Dhabi Future Energy Company (Masdar) to purchase carbon credits for the airline?s voluntary offset program, Khaleej Times reported.
As part of the agreement, the expert carbon management team within Masdar will help to support the voluntary carbon offset programs of Etihad in sourcing and retiring high quality carbon credits.
Etihad and Masdar had signed an initial agreement in 2009 which has seen greater co-operation between the two Abu Dhabi-based companies with the aim of reducing the airline?s carbon footprint.
Etihad is currently working on the methodologies for calculating the carbon footprint of its operations, including those from ground facilities and transportation. Once this is complete Etihad will develop a strategy to offset a proportion of its emissions to reduce its carbon footprint.
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