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Carbon credits have weathered the turmoil in financial markets since Russia invaded Ukraine better than leading asset classes, and the market remains underpinned by robust fundamental demand despite its voluntary nature and a growing surplus of offsets, a webinar heard Tuesday.

EU lawmakers are likely to push for a tougher 2030 renewables target than member states at an interim vote this week, though Brussels' REPowerEU plan to quickly ditch Russian fossil fuels is set to complicate work on finalising legislation.

Colombian air carrier Avianca on Monday announced has purchased carbon credits for nearly 98% of its operational emissions during the first half of 2022, and will buy a larger number of offsets over the final six months of the year.

Our federal government pays some people to protect native forests, while state governments pay others to cut them down

The climate crisis often gets blamed on market failure, but government failure plays a pretty big role as well. Not only do Australian governments spend more than $11.6bn a year subsidising fossil fuels, at the same time the federal government spends billions paying some landholders to grow more trees, state governments perversely continue to subsidise the logging of native forests. I’m not sure that’s what people mean by the circular economy.

While successive governments have spent billions subsidising research into carbon capture and storage (CCS), the really inconvenient truth is the most effective CCS technology is the humble tree. It’s low cost, low risk and ready to roll. Trees quite literally suck carbon dioxide out of the air and store it safely in their trunks and their roots. And as if that’s not a cool invention, trees throw in water filtration and native species habitat “services” for free. If Elon Musk had invented the tree, he’d be a trillionaire by now.

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A lack of recent rainfall forces part of the Leeds-Liverpool canal to shut while 5 million face a hosepipe ban

Boat owners on the UK’s longest canal will not be able to move their boats next week, due to a water shortage, while 5 million people have been warned they may be soon facing a hosepipe ban.

Stretches of the Leeds-Liverpool canal will be closed during periods next week after a lack of rainfall has led to low levels in some Yorkshire and Lancashire reservoirs, leaving canal locks unable to be filled.

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A datacentre is cooling its servers while providing nearby residents with heating.

A "stellar nursery" and a "cosmic dance" are among James Webb's first batch of colour images.

The solar-powered Airbus Zephyr S unmanned aircraft beat the record it set in 2018, data suggests.

British utility Drax has submitted plans to build the world’s largest carbon capture facility at its wood-burning power station, aiming to make good on its ambition to generate 8 Mt of carbon removals a year at the site by 2030.

The WHO declared it a probable human carcinogen in 2015 and 70-80 UK councils have turned to chemical-free options

Yellow grass and unnaturally bare soil around public trees and paths is increasingly a vision of the past, as indiscriminate use of the controversial weedkiller glyphosate is phased out by councils. But changing the way the public realm looks is not without controversy, with some complaining so-called weeds make urban spaces unsightly.

Heavily used in farming, glyphosate’s non-agricultural use extends to parks and green spaces, pavements and playgrounds, hospitals and shopping centres. Since the WHO declared it a “probable human carcinogen” in 2015, after research found “strong” evidence for its toxicity, 70 to 80 UK councils have turned to chemical-free options or simply letting plants grow, from Bath & North East Somerset council, to Highland council in Scotland.

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We are extremely active in the voluntary carbon markets (VCM) serving SMEs, major corporates and financial institutions and are now looking to enhance our project origination capabilities. We are therefore looking for a suitably experienced team member to be at the forefront of that development.

EU carbon headed higher in light trading on Tuesday morning as the market extended the recent channel between €82.50-€85.50 for a sixth day, while energy prices were lifted by reports that French nuclear plants may have to trim operating rates as temperatures were forecast to soar across most of western Europe next week.

The party’s climate-sceptic right wing is succeeding in its campaign to push candidates away from climate pledges

This weekend, I received a call from a well-known green Conservative, telling me to stop using the phrase “net zero” in my articles and tweets about the leadership election. It has become too toxic, he said.

While this was shocking, it wasn’t completely unexpected. None of the leadership candidates so far have made the positive case for green jobs and cheap renewable energy. Instead, the only ones speaking out about climate change are culture warriors Suella Braverman and Kemi Badenoch, who wish to scrap net zero targets.

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George Eustice reassures public as he announces 50 landowners have applied to rewilding programme

Fifty landowners have applied to a government scheme to rewild their land, the environment secretary has said, as he reassured green Tories that the net-zero target will be protected by the next administration.

Speaking at the Conservative Environment Network’s summer party, George Eustice acknowledged that people who care about the environment feel “apprehensive and anxious” about the Conservative leadership election.

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New agreement to fast-track climate solutions signed as countries underscore need for diversified supply chains

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The US and Australia have stressed the importance of breaking the near-complete reliance on China for zero emissions technology supplies while signing a new agreement that promises to accelerate the development of climate solutions.

In a joint press conference in Sydney, the US energy secretary, Jennifer Granholm, and the Australian climate change and energy minister, Chris Bowen, announced a “net zero technology acceleration partnership”, including an initial focus on long-duration energy storage and digitising power grids.

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Forestry Corp launches formal tender for renewable and storage projects in state pine forests after receiving nearly 50 different proposals.

The post NSW Forestry gets 2.5GW of wind project proposals for state pine forests appeared first on RenewEconomy.

Research puts US ahead of China, Russia, India and Brazil in terms of global damage as climate expert says numbers ‘very stark’

The US has inflicted more than $1.9tn in damage to other countries from the effects of its greenhouse gas emissions, according to a new analysis that has provided the first measurement of nations’ liability in stoking the climate crisis.

The huge volume of planet-heating gases pumped out by the US, the largest historical emitter, has caused such harm to other, mostly poor, countries through heatwaves, crop failures and other consequences that the US is responsible for $1.91tn in lost global income since 1990, the study found.

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Australia’s government-backed green investment bank has partnered with an airline superannuation fund to launch a A$100 million ($67 mln) green tech fund, while the Clean Energy Regulator has registered nine new offset projects.

Multi-award winning solar pioneer Professor Renate Egan outlines the secrets to getting grants.

The post Great Solar Business Podcast: Are grants worth the effort? appeared first on RenewEconomy.

UK households recycle just 12% of single-use plastic, says Greenpeace

UK households throw away nearly 100bn pieces of plastic packaging a year, according to a survey by Greenpeace.

The results of one of the largest voluntary research projects into the scale of plastic waste show that only 12% of the single-use packaging used by households is sent for recycling.

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