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European carbon prices fell back on Thursday morning as the surge of buying interest that had driven prices back above €65.00 in midweek dried up, while energy markets retreated, encouraging a resumption of more aggressive EUA selling.

UK power company Drax is setting up a new US-based business unit to develop and build large-scale carbon removal projects internationally, it announced on Thursday.

The United Nations Development Programme (UNDP) has released a new set of guidelines to enable governments to identify and redesign subsidies harmful to biodiversity.

The World Bank has issued an outcome bond in partnership with a social enterprise whereby the proceeds will be directed towards reducing and recycling plastic waste, generating plastic and carbon credits to provide a financial return to investors.

The Hōkūleʻa’s oceanic voyages, navigated by the stars, have led other Indigenous people to revive their own ancient traditions – and serve as a call to action on the climate

A double-hulled Polynesian sailing canoe glides up to a busy dock in San Diego, California. Hōkūleʻa’s two short wooden masts are dwarfed by the historic schooner that escorted the boat into the harbour. Dozens of small outrigger canoes trail in its wake, honouring the crew’s arrival.

Once the docklines are secure, Hōkūleʻa’s 13 crew members put on ceremonial leis – floral garlands – and request permission from the local Indigenous tribe to come ashore. In response, 30 members of the Kumeyaay Nation sing and dance to welcome them to their native lands. Hundreds of onlookers snap photos before joining the festivities at a nearby park.

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On a walk through a nature reserve I felt dread at the pink flowers on a bone-grey tree, grief-stricken right down to my roots

There is a particular queasy disquiet that comes from looking at blossom in January. Or daffodils just weeks after Christmas. At seeing catkins dangling from trees that are still bathed in dark from about 4.30pm. It is an uncanny sense that something here isn’t right. I get it, too, in August, when the blackberries have already ripened into dust, before the new school term starts. Or when I hear birdsong under a yellow streetlamp.

Perhaps this is just the outdoors equivalent of moaning about Easter eggs being in the shops in January. As in, it happens every year but we are somehow shocked anew each time. Maybe daffodils have always pushed up their spears as students fill in their Ucas applications. Maybe there have always been blackberries in July. Maybe it’s just my memory playing tricks on me.

Nell Frizzell is the author of Holding the Baby: Milk, Sweat and Tears from the Frontline of Motherhood

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A Berlin-based startup that offers a digital voluntary carbon market platform has successfully raised €10.3 million in a recent funding round, it said Thursday.

BP has invested into a software platform that allows corporates and individuals to purchase carbon credits or sustainable aviation fuel (SAF) to offset emissions in hard-to-abate sectors.

An Australian oil and gas company has established a new trading arm in Singapore to sell both its spot cargoes of LNG and get a foldhold into the voluntary and compliance carbon markets.

An independent environmental markets administrator in Australia has joined a broad partnership that is in the process of bidding for government funding to launch an initiative to drive investments in nature positive carbon, biodiversity, and natural capital initiatives.

The first image of the Slim spacecraft shows it to be in an awkward position on the lunar surface.

Demand for Australian Carbon Credit Units (ACCUs) will continue to be limited this year as buyers and emitters demonstrate “a reluctance to accumulate” in response to new compliance obligations under the Safeguard Mechanism, a leading local bank said Thursday.

A Singapore-headquartered biochar project developer has teamed up with an Indian renewable energy firm to generate high-quality carbon sequestration credits while also developing ethanol for aviation fuel, the companies announced Thursday.

Significant price consolidation of Australian Carbon Credit Units (ACCUs) sourced from different project types is unlikely to occur until the first compliance deadline to surrender credits under the Safeguard Mechanism in early 2025, a trader said Thursday.

Analysts have dropped their outlook for benchmark permit prices in the UK carbon market in 2024, citing oversupply, policy uncertainty, and expectations that a wide discount to EUAs will remain a characteristic of the British scheme.

How’s the humidity? Australia’s east coast has been hit by intense humidity this summer. Here’s why – and why it’s a risk Steven Sherwood, Professor of Atmospheric Sciences, Climate Change Research Centre, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

Renew Economy's updated website is designed to help our readers better navigate the green energy transition.

The post Renew Economy has had a make-over to help you navigate the green energy transition appeared first on RenewEconomy.

Fast-growing monocultures are less able to withstand extreme weather events than varied woodlands, researchers find

As 90mph winds whip across the UK and Europe this week, new research shows forests containing diverse tree species are more likely to stay standing than monocultures when hit by extreme weather.

Forests with two or three tree species are on average 35% more resilient to storms than forests with only one species, simulations created by researchers found. The type of trees also matters – forestry plantations are typically made up of fast-growing tall trees such as conifers, but they are more vulnerable to high winds than slower-growing hardwood species such as oak.

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Andrew Forrest's first major green hydrogen production project in Australia - at the Gibson island ammonia plant in Queensland - is facing crunch time in coming weeks over whether it can go ahead or not.

The post Crunch time for Forrest’s big green hydrogen plan as energy costs bite appeared first on RenewEconomy.

The rise of multiple new carbon market exchanges in the Asia Pacific in recent years will help bring price transparency and encourage market development, but they could risk splintering liquidity, panellists told a conference Wednesday.