“By leveraging the immense talent, passion and drive for innovation held by all members of the F1 community, we hope to make a significant positive impact on the environment and communities in which we operate.”
Carey said the V6 turbo hybrid power engines, in use since 2014, were the most efficient in the world and delivered more power from less fuel than any other car.
“We believe F1 can continue to be a leader for the auto industry and work with the energy and automotive sector to deliver the world’s first net zero-carbon hybrid internal combustion engine,” he said.
Other initiatives include moving to ultra-efficient logistics and 100 per cent renewable powered offices, facilities and factories.
McLaren was certified as F1’s first carbon-neutral team in 2011, but the sport has struggled to shrug off a gas-guzzling reputation.
Unfavourable comparisons have been made to the all-electric Formula E series, which now has a significant manufacturer presence.
F1 said sustainable materials will be used at all events, with all waste reused or recycled, and single-use plastics would be barred.
There would also be incentives offering fans a greener way to get to the races.