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The credit surplus in the voluntary carbon market (VCM) should not hold back price development and liquidity as the market reforms, analysts at Carbon Forward Expo London said on Thursday, suggesting a two-speed market could develop in the future.

The UN's international aviation offsetting scheme could provide the foundation for generating strong voluntary carbon trade and lead to much-needed standardisation in the market, but demand may take time to materialise and governments need to step in to send investors a clear signal, according to a carbon exchange CEO.

50,000 people sign petition against creation of channel for river water through Ferris Meadow Lake

A freshwater lake that attracts more than 30,000 swimmers a year is under threat of closure from an Environment Agency (EA) plan to reduce flooding that will channel in polluted river water, according to campaigners.

Almost 50,000 people have signed a petition calling on the EA and Surrey county council to reroute the flood channel away from the lake, which is a site of nature conservation. But the EA and Surrey council seem likely to press ahead with the 50-metre wide channel, bisecting the lake and feeding river floodwater into its centre.

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The two new EU commissioners-designate responsible for climate policy are preparing for a high-stake confirmation hearing in the European Parliament next month, amid a dispute between political groups over the timing of the interviews.

A startup converting agricultural waste into syngas using solar energy for the production of carbon-neutral synthetic fuel described the technology as “low hanging fruit” for scaling up sustainable fuels for aviation and maritime.

More than year’s worth of rain fell in two days in south-east Morocco, filling up lake that had been dry for decades

Dramatic pictures have emerged of the first floods in the Sahara in half a century.

Two days of rainfall in September exceeded yearly averages in several areas of south-eastMorocco and caused a deluge, officials of the country’s meteorology agency said in early October. In Tagounite, a village about 450km(280 miles) south of the capital, Rabat, more than 100mm (3.9 inches) was recorded in a 24-hour period.

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European carbon prices corrected lower for much of the morning following two highly bullish sessions, with multiple participants citing the influence of a London conference as boosting sentiment in recent days, as easing gas prices on Friday also pressured EUAs to undo some of their strength.

Prices in China's CO2 allowance market remained above 100 yuan ($14.15) after the Golden Week holidays, with a surge in weekly trading volumes amid growing compliance demand.

UK-headquartered conservation company Environment Bank has partnered with Barclays bank to hasten the biodiversity net gain (BNG) policy uptake among England-based farmers and house builders.

The European Commission has issued draft rules establishing a Union database to ensure only certified green fuels are counted for the achievement of EU decarbonisation targets, while avoiding any risk of fraud or double counting.

Beijing will give priority to carbon credits generated within the region, allowing emitters to use more locally created units to offset part of their obligations under the local emissions trading scheme.

Denmark has published a national biochar strategy that outlines how the government plans to use the carbon removal process to meet its climate neutral 2045 target, and 2050 carbon negative target.

The Species Protection Index (SPI), among the indicators of the Global Biodiversity Framework (GBF), could have a crucial role in building the foundations of the nascent biodiversity credit market, its developers told Carbon Pulse.

An affiliate under South Korea's ocean ministry is preparing measures to increase the country's blue carbon resources, with focus on the introduction of an offset programme and the cultivation of seaweeds.

ACX has moved its clearing house to Singapore from Abu Dhabi to better deal with the 'realities' of the voluntary carbon market, the exchange operator told Carbon Pulse, as it unveils an updated trading platform.

The best of this week’s wildlife photographs from around the world

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Another peer-reviewed paper has found “extreme levels of non-compliance” in Australian human-induced regeneration (HIR) projects, despite the Clean Energy Regulator (CER) continuing to claim the carbon credit scheme is sound.

The supposedly green project – brainchild of the previous Tory government – will increase emissions, not reduce them

This will be Keir Starmer’s HS2: a hugely expensive scheme that will either be abandoned, scaled back or require massive extra funding to continue, after many billions have been spent. The government’s plan for carbon capture and storage (CCS) – catching carbon dioxide from major industry and pumping it into rocks under the North Sea – is a fossil fuel-driven boondoggle that will accelerate climate breakdown. Its ticket price of £21.7bn is just the beginning of a phenomenal fiscal nightmare.

There might be a case for a CCS programme if the following conditions were met. First, that the money for cheaper and more effective projects had already been committed. The opposite has happened. Labour slashed its green prosperity plan from £28bn a year to £15bn, and with it a sensible and rational programme for insulating 19m homes.

George Monbiot is a Guardian columnist

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Australia’s Clean Energy Regulator has launched a consultation on its Australian Carbon Credit Unit (ACCU) registry and exchange currently in development.

Construction begins at Hydrogen Park Murray Valley, where a 10MW electrolyser is expected to generate around 500 tonnes of renewable hydrogen a year for use in gas mains.

The post First sod turned at Arena-backed renewable hydrogen project with green gas ambitions appeared first on RenewEconomy.