Carbon Neutral F1 Within Ten Years, Says FIA President Jean Todt

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Nancy Heslin   Forbes Monaco

FIA Jean Todt Prince Albert Monaco

Princess Charlene, Jean Todt and Prince Albert. Photo: Eric Mathon/Palais Princier Facebook

As part of the Fédération Internationale de l'Automobile’s (FIA) commitment to achieve a net-zero carbon footprint by 2030, FIA President Jean Todt was at the World Economic Forum, held in Davos in January 24-27, to discuss the environment through panels and bilateral meetings with major decision-makers.

“As an international Federation comprising 244 members in 140 countries and the leader in motorsport and mobility development, we are fully committed to global environmental protection,” said Todt, who on January 28 was awarded the Order of Saint-Charles by Prince Albert in Monaco. The FIA chief who will turn 74 on February 25 also met Valérie Closier, the new director of the Prince’s Car Museum.

“From the introduction of the hybrid power unit in F1 to the creation of the Environment and Sustainability Commission [inaugurated in Geneva March 2018], the entire FIA community has been investing time, energy and financial resources to the benefit of environmental innovations.”

Forbes reported in 2019 the average F1 team is worth just over $500 million. Acknowledging FIA’s level of responsibility, the former rally driver who went on to head Ferrari added, “I believe that the FIA ​​plays an extremely important role, since it is the regulator and legislator of motorsport worldwide. It’s a platform that allows us to have some influence. We created the electric formula and we implemented a hybrid engine for formula 1. We are currently working on the development of a biofuel or green gasoline with the objective of not creating anything negative for the environment.”

Todt has been President of the FIA since 2009 and, in 2015, was appointed the United Nations Special Envoy for Road Safety by the U.N. Secretary General.

His son Nicolas manages 22-year-old Charles Leclerc, the first Monegasque driver for Ferrari. Leclerc won the Riviera’s favorite athlete 2019, as voted online by Nice-Matin users.

In November 2019, the FIA announced its commitment to achieve a net-zero carbon footprint by 2030

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Nancy Heslin   Forbes Monaco

Nancy Heslin is an established journalist and lifestyle writer. She has been the Editor-in-Chief of Forbes Monaco magazine (bimonthly in English) , since the magazine's 2nd issue . Launched in November 2018, Forbes Monaco is part of the Forbes family, with its 7 million readers and 71 million monthly website visitors worldwide.