Azzera, a new provider of carbon offsetting and compliance solutions, has introduced services tailored for the business aviation market. Founded by business aviation veterans Puja Mahajan and Nick Houseman, Azzera is launching online services to calculate carbon footprints and roll out a transparent blockchain-based marketplace for trading carbon credits.
The company, which has secured a technology investor/partner and more than $1 million in funding, aims to become a centralized spot-trading carbon market exchange. Azzera said it will work with business aircraft owners and operators to manage their participation in compliance programs, including EU Emissions Trading System (EU-ETS), Swiss ETS, and UK ETS.
“We launched Azzera because purchasing carbon offsets is complicated but investing in protecting our environment should be easy,” said Mahajan, the company’s CEO and co-founder. “Today, there are more than 22,000 business jets operating worldwide and the carbon emissions per passenger are significant. Some larger business aircraft operators have integrated carbon offsetting into their business models. But for small to midsize operators selecting and implementing top-quality offset solutions can be very complicated. This is where we come in, by selecting and facilitating access to high-quality carbon offset initiatives.”
Houseman added business aviation is just the start for the company, noting, “In the mid-term, we will apply ourselves to a growing number of sectors. Any industry that generates greenhouse gases is a potential client.”