Formula E partners with Global Thermostat to reduce CO2 emissions

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Global Thermostat was founded in 2006 by Professors Peter Eisenberger and Graciela Chichilnisky. Graciela Chichilnisky drafted and negotiated the carbon trading mechanism for the Kyoto Protocol.

NEW YORK, USA (April, 2014) – Organisers of the FIA Formula E Championship have today announced a new partnership with leading carbon capture company Global Thermostat to significantly reduce the CO2 emissions generated by the series and to jointly promote sustainable technologies.

Beginning this September in Beijing, Formula E is the FIA’s global motorsport championship featuring fully- electric open-wheel cars racing in 10 of the world’s leading cities including Los Angeles, London and Buenos Aires. The debut of Formula E ushers in an innovative age where a race on the world stage will become the platform to showcase and promote sustainable technology for the environment.

Global Thermostat was founded in 2006 by Professors Peter Eisenberger and Graciela Chichilnisky. Graciela Chichilnisky drafted and negotiated the carbon trading mechanism for the Kyoto Protocol, while Peter Eisenberger boasts more than 20 years' experience as head of Exxon R&D.

Global Thermostat's Ben Bronfman and Alejandro Agag, CEO of Formula E
Global Thermostat's Ben Bronfman and Alejandro Agag, CEO of Formula E
This unique technology - patent-pending in over 100 countries - captures carbon dioxide direct from the atmosphere. It uses a low- cost left-over process heat as energy for the capture of CO2 which is then stored in geologically appropriate underground formations before being reused. Using this technology, Global Thermostat will work on significantly reducing the CO2 emissions generated by the championship.

Ben Bronfman, Principal of Business Development at Global Thermostat, said: "We are very excited to enter into this partnership between Global Thermostat and Formula E. They are one of the first organisations, outside of our development partners, that recognise the power and value of our transformative platform. Formula E is serious about what they are doing and we look forward to working together.”

Graciela Chichilnisky, Co-Founder and Managing Director at Global Thermostat, said: "The two largest sectors in terms of carbon emissions are energy and transportation. Global Thermostat is already creating carbon negative power plants and with Formula E it can create carbon negative automobile transportation - truly cutting edge technology for our new millennium.”

Formula E has already attracted many high-profile environmental supporters with the likes of Sir Richard Branson, Leonardo DiCaprio and former UK science minister Lord Paul Drayson all associated with teams for the opening season.

Enrique Bañuelos, Chairman of the Board of Directors at Formula E, added: “This partnership between Global Thermostat and Formula E is a natural one, as the core beliefs and goals associated with both companies are the same: reduce atmospheric carbon emissions and progress the dialogue towards a sustainable future. It is our intention to bring carbon negative solutions to the hearts of the host cities around the world. Global Thermostat’s breakthrough technology, together with all of our partners, will make it possible for Formula E to pave the way towards uniting sustainability-minded corporations, entertainment, global governments, and the sports world."

FIA - Formula E

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Series FORMULA-E
Article type Breaking news
Tags alejandro agag, formula e, global thermostat