Delta Air Lines CEO announces the carrier will go 'fully carbon neutral' next month

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Starting March 1, Delta is going carbon neutral globally, CEO Ed Bastian says. “This is not a race to be number one in this space, this is a race for our planet.”

Delta Air Lines CEO Ed Bastian said the company is going "fully carbon neutral" on a global basis starting March 1.The company, which has made environmentally-conscious moves in the past, will still continue to rely on jet fuel.CEO Ed Bastian told CNBC on Friday that the company is going "fully carbon neutral" on a global basis starting March 1.Delta is committing at least $1 billion over the next decade to reduce environmental impact, Bastian said.

"There's no greater challenge that I know of that we need to be investing in and innovating in as environmental sustainability," he said.in the past, will still continue to rely on jet fuel. "We will continue to use jet fuel for as far as the eye can see," Bastian said. "We'll be investing in technologies to reduce the impact of jet fuel, But I don't ever see a future where we'll eliminate jet fuel from our footprint."

Delta's move comes at a time when many companies are reducing their environmental footprint to combat climate change.

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