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Emergency crews battle to reinforce defences around Wrocław in Poland amid devastating rainfall

Soldiers, emergency workers and volunteers battled through the night to reinforce defences around Wrocław, Poland’s third biggest city, as the EU said flooding in central Europe happening simultaneously alongside wildfires in Portugal showed climate breakdown in action.

More than five times the average rainfall for the whole of September has fallen in five days on swathes of Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia, triggering devastating flooding that has killed 22 people in four countries.

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Two banks have announced they will sell carbon removals issued under the Puro standard to their clients in a bid to ramp up liquidity in the nascent market.

Danish renewable energy company Orsted has secured a deal to sell 330,000 carbon dioxide removal (CDR) credits to Norwegian oil and gas major Equinor over a ten year period for an undisclosed sum, boosting Norway's Northern Lights carbon capture and storage project for the North Sea. 

Seafloor surveys for a floating offshore wind farm in the North Sea off the coast of Scotland have helped solve a 107 year-old maritime mystery.

The post “Extraordinary find:” Offshore wind seabed survey solves century old maritime mystery appeared first on RenewEconomy.

A methane certification organisation has partnered with a US gas producer and an international energy company to pilot an industry-first transaction for certified liquefied natural gas (LNG), they announced on Wednesday.

A global forestry company has launched an open source platform aimed at enhancing the management of forest restoration projects.

Biodiversity funding hit $25.8 billion globally in 2022, the highest level since 2015, although the increase was largely driven by loans provided by multilateral institutions rather than grants, according to the OECD.

A Japanese company has received approval in principle (AiP) for two new designs of liquefied CO2 (LCO2) carriers, a type of vessel integral to the nation’s plans for wholesale export of its emissions to other jurisdictions for sequestration and permanent management.

EU carbon prices fell for the fourth time in the last five days despite a second strong build in speculative short positions, which prompted some participants to predict a short squeeze, while energy markets continued to see-saw in response to conflicting pressures of bearish demand, healthy storage levels, and continuing concerns over longer-term supply.

New UK Financial Conduct Authority (FCA) rules for oil, gas, and mining companies are inadequate on climate and are putting investors at risk, experts said during a webinar on Wednesday.

A group of around 20 voluntary carbon organisations have launched a communications push to promote  the use of credits towards corporate net zero goals, specifically targetting the CEOs of potential buyers.

One of the giants of the tech world has agreed to buy 1.3 million reforestation credits in Brazil, with the option to acquire an extra 2.6 mln units.

Radio waves from the satellites are "blinding" radio telescopes and hurting research, say scientists.

A US-based nature intelligence company announced Tuesday it has secured $1.2 million in seed funding to expand its platform aimed at supporting companies in assessing biodiversity-related risks.

A group of Japanese companies have teamed up to launch a joint business that can simplify the process of carbon credit generation under the domestic voluntary scheme and secure buyers in the early stages.

An Indonesian nature-based carbon project developer has taken in $2.1 million in seed funding from angel investors after a successful round led by one of the nation’s only venture capital funds.

A Queensland coal company covered by the Safeguard Mechanism has been granted funding from a state government initiative to cut carbon emissions from its operations.

China is not meeting its fair share contribution to climate change mitigation, even though record rates of renewable deployment are on the verge of meeting growing energy demand, according to analysis published this week.

Volatility in clean fuel credit prices this year is a reflection of client demand for credits and not a factor considered in ongoing rulemaking, the regulators of the US clean fuels programmes in Oregon and Washington told a conference on Tuesday.

Mining giant Rio Tinto is partnering with an Australian carbon abatement business on a renewable diesel pilot project using a particular kind of seed oil for fuel switching to help decarbonise its operations.