Air New Zealand boss says carbon offsets 'don't excite' him. He has eyes on a bigger prize

Air NZ CE Greg Foran says he does not get excited by carbon offsetting and believes there are more meaningful ways the airline can reduce its carbon footprint, including buying electric aircraft “in the next few years”. Foran said carbon offsetting was where the aviation industry’s carbon reduction efforts originally began but he did not see them as a long-term solution to addressing climate change. “In simple terms, offsets don’t excite me a lot,” Foran said. His comments came on the same day Air New Zealand revealed in its 2021 sustainability report that it was no longer able to find enough carbon credits from permanent native forestry projects in New Zealand to meet demand. New Zealand credits made up half of all its sourced credits.<br/>