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The European carbon market moved with relative stability on Friday morning, ticking higher tracking a rebound in energy markets after a volatile previous session linked to reports of a Ukraine-Azerbaijan gas transit deal.

Firefighters have been rescuing people stranded on their balconies and rooftops after Storm Boris triggered flooding and landslides in the northern Italian region of Emilia-Romagna. Two people were reported missing in Traversara, a hamlet in Ravenna province, and about 1,000 people have been evacuated from their homes. Storm Boris has battered parts of Italy after causing havoc in eastern and central Europe

• Two missing and 1,000 evacuated as Storm Boris devastates northern Italy

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Large volumes of eligible voluntary carbon credits for the UN's CORSIA international aviation offsetting scheme will take years to materialise due to supply requirements that force project developers to guarantee against double claiming risk, even if ICAO approves major standards for the current phase at a meeting in November.

As EU institutions gear up for talks to finalise the proposed Green Claims Directive, participants in the voluntary carbon market have flagged issues with the draft bill, arguing it goes too far beyond its original objective of fighting greenwashing.

The West Australian government is finding new ways to support companies interested in pursuing carbon capture and storage (CCS) projects in the state, as its mining and energy department has aggregated a large amount of historical oil and gas drilling information for use.

Chinese carbon allowance prices saw a modest recovery over the past week after the national holidays, with trading activity continuing to pick up ahead of the compliance deadline. 

Environmentally harmful subsidies currently stand at no less than $2.6 trillion per year, $800 billion higher than 2022 estimates and equivalent to 2.5% of global gross domestic product (GDP), according to a report released this week.

A UN agency and the Japanese ministry of agriculture have teamed up with two major national companies to support small-scale coffee producers in Tanzania in implementing sustainable practices.

Airline operators may struggle to meet compliance requirements under Phase 2 of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which starts in 2027, according to a new report.

On 20 September 2023, the Guardian launched a new digital edition for a continent in the grip of dramatic political and social change. This is what we’ve learned so far – and how you can help us do more

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A year ago today we launched Guardian Europe, a new digital edition of the Guardian to help bring journalism about the world to Europe and journalism about Europe to the world.

It has been a dramatic year for the continent, with moments of intense political peril, from huge far-right electoral surges to extraordinary people power and progressive fightbacks. It has also been a year of sporting joy at the Paris Games and Euro 2024. We’ve been there to capture it all, and we’re very grateful that millions of you have joined us.

To support Guardian Europe and all our journalism, please consider setting up a monthly amount, from just €4 – or £4. It takes less than a minute and is the most effective way to back powerful, investigative reporting

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More than 400,000 people evacuated, hundreds of flights cancelled and many roads shut due to flooding and winds

Typhoon Bebinca struck the east coast of China this week, making landfall near Shanghai, a city of almost 30 million people, on Monday. Bebinca developed into a typhoon to the east of the southern Japan islands late last week, before traveling westwards through the East China Sea and making landfall in Shanghai at approximately 7.30am local time (00.30BST).

The Chinese media say it is the strongest typhoon to hit Shanghai in 75 years. Wind speeds were reported to have reached just over 150km/h (about 94mph), making it equivalent to a category 1 hurricane, albeit just shy of a category 2 in strength. Before Bebinca, Shanghai had been hit directly by only two typhoons, one in 1949 and another in 2022, as they usually track further south.

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A Brazil-based biodiversity and carbon developer is considering transitioning from a 'credit' to a 'nature asset' approach in a bid to attract corporate funding, the company told Carbon Pulse.

One of Australia’s largest banks have forecast the price of the country’s carbon credits to double by this time next year.

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

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A France-based carbon crediting platform is teaming up with the subsidiary of a state-owned utility in the country to “promote transparency and innovation” in the voluntary market.

Do fish feel despair or longing? Do they yearn for a simpler time?

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A US-based investment manager has launched a new company with the goal of generating carbon credits through planting 6 million oysters in the Chesapeake Bay.

Since last week, wildfires have been raging in central and northern Portugal. At least seven people have died and 50 have been injured. More than 5,000 firefighters have been mobilised to battle the blazes

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A carbon project developer who went public this week over what he sees as a self-serving and nepotistic industry has urged the government to remove so-called flexibility measures under the Safeguard Mechanism.

Despite a strong performance over the past two years, Germany’s solar sector is facing declining demand and a weakening market, leading to major cutbacks among PV companies. 

The post More solar companies in Germany cut jobs amid weakening rooftop demand appeared first on RenewEconomy.