Members of the FIA Formula 1 Commission met in Geneva on Tuesday for their second meeting of 2023, ahead of the Azerbaijan Grand Prix, which is scheduled to take place this weekend at the Baku City Circuit.
A working group specifically dedicated within the Financial Advisory Committee (FAC) has developed a proposal for the introduction of an exclusion of costs related to certain sustainability initiatives from 2023 onwards, with particular attention to environmental issues.
Following support from FAC members and approval from the Commission, some costs of sustainability initiatives will now be excluded from the budget cap. These exclusions are linked with, among other things, costs associated with the installation of sustainable infrastructure, auditing and monitoring of competitors’ carbon footprints, donations to charities engaged in promoting environmental sustainability projects, and carbon offset programs. The FAC will continue to make small changes to optimise this regulation.
This decision is part of the sustainability path that began in 2019 when the FIA conducted a survey which showed emissions of 256,000 tons of CO2, in addition to those due to fan travel. The overall aggregate thus calculated would reach the incredible number of 1.9 million tons of CO2 attributed to to the sport.
Thus, the Federation has set ambitious eco-sustainability goals: by 2025, races must be eco-sustainable, and by 2030, the carbon footprint of Formula 1 must be completely eliminated. These guidelines have also been implemented in the 2026 engine regulations.
Show your support for Scuderia Ferrari with official merchandise collection! Click here to enter the F1 online Store and shop securely! And also get your F1 tickets for every race with VIP hospitality and unparalleled insider access. Click here for the best offers to support Charles and Carlos from the track!
Not just Formula E, in other words. Apparently, the issue of environmental sustainability has also invaded the field of internal combustion unit or hybrid motor sports. A clear sign of how aware the FIA is that this will also be a major aspect for the popularity and image of Formula 1 in the future, especially given the attention that the Federation, together with Liberty Media, is giving to the younger audience, for whom eco-sustainability is a real must.
Leave a Reply