Decarbonising Formula One
Formula One’s global popularity is undeniable. With the cumulative TV audience peaking at 1.55 billion over the course of the 2021 season, it is no surprise that the premium motorsport has become a multi-billion-dollar business, bringing in fans from all corners of the world. Forbes estimates the total value of all ten racing teams to be around $18.8 billion, and global media rights are expected to be worth $1.4 billion by 2029. However, as the sport continues to flourish, one