The aviation sector’s PACE “Net Zero” Carbon System is introduced by Fexco
The Platform for Analyzing Carbon Emissions (PACE) from the financial technology and business services company Fexco aims to make it possible for airlines, aircraft lessors, and financiers in the aviation industry to precisely measure and manage their carbon emissions in order to meet Net Zero targets.
According to Fexco, PACE will enable the aviation industry to simulate upcoming changes to its fleets to support its push for higher carbon performance, enabling the industry to access funding that has been set aside for sustainability-related projects.
Fexco claims that their new platform offers precise information on carbon emissions from each flight, airline, or aircraft, down to the specific seat for each journey.
In accordance with EU carbon reduction programs, it automatically analyzes carbon emissions and simulates the effects of adjustments made by airlines and aircraft lessors to minimize their carbon emissions.
According to Fexco, this gives the aviation sector a foundation to support sustainability-linked finance across the board and potentially boost the global GDP by €1.67 trillion.Recommend0 recommendationsPublished in Aviation Blog, Aviation News