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Carbon credits will most certainly be more expensive than their alternatives when they include authorisations from host-country governments, speakers at a virtual event said on Tuesday, pointing to another factor that would differentiate credits and complicate fungibility in the market.

Forthcoming talks on how to finance part of the EU's rapid exit from Russian fossil fuels promise to be heated, with lawmakers and member states at odds over which carbon allowances to raise €20 billion from, though both are critical of a Brussels plan to tap the supply-managing MSR.

A global cross-stakeholder body has set out guidance aiming to shape nature markets that it says eventually could be worth nearly 9% of global GDP, and including initiatives such as voluntary carbon credits, conservation, soft commodities and nature-based solutions for carbon sequestration. 

Companies are set to face a maze of intersecting climate risk reporting requirements as early drafts of three competing rulebooks and comments analysed by Carbon Pulse reveal an array of differences on key issues such as emissions scope, oversight, and offset use.

We’re holding off getting a couch till the wet season passes – I’ve lost far too much velvet to the Wilson River. Living in a flood plain means not ever fully resting

For me the sound of rain has changed, as it has for many people in the northern rivers from a peaceful backdrop for slumber and a giving life force to a warning sign to not get complacent.

The sound now carries with it a weight, and a knowing, of the power that can hide behind it. I have seen water in places the mind can’t fathom in its absence, yet the evidence remains as a daily reminder. A tricycle high in the tree out the front on the verge, windows and doors to house after house, sky-high on stilts, silent, open and gaping, revealing the holes that have been left in so many lives.

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California Low Carbon Fuel Standard (LCFS) credit values on Tuesday veered towards levels not seen since summer 2016 as market participants reported numerous credit generators were on offer.

Using hydrogen to heat homes is inefficient and expensive, a report finds, contradicting the government.

The world is risking "immense" consequences for the climate as Russia looks to burn excess gas no longer being sent to Europe, while experts believe a series of gas leaks from the Nord Stream pipelines this week will worsen the situation. 

The UK is on track to spend £473 billion by 2050 to feed its reliance on fossil gas, despite the availability of lower-cost, zero-emission solutions, according to a new report by IEEFA, while an alternative decarbonisation pathway would avoid £100 billion in international payments for gas supplies.

Too many technical difficulties to overcome to make it a viable low-carbon heating fuel, say researchers

Hydrogen is unsuitable for use in home heating, and likely to remain so, despite the hopes of the UK government and plumbing industry, a comprehensive review of scientific papers has concluded.

Hydrogen lobbyists are out in force at the Labour party conference this week, sponsoring several events in Liverpool, and will be plentiful at the Conservative party conference that begins this weekend.

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Keir Starmer used his speech on the third day of the Labour conference in Liverpool to outline the party's plans for clean power in the UK. He said that within a year of being elected, Labour would set up Great British Energy, a new publicly owned company that would supply the UK with clean power. 

The Labour leader said it was time for the party to start a new chapter 'about how we build a fairer, greener, more dynamic Britain by tackling the climate emergency head on, and using it to create the jobs, the industries and the opportunities of the future'

• Keir Starmer promises Labour will launch publicly-owned UK energy company if elected – politics live

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A report on species' recovery highlights the positive impact of protection and rewilding.

UK government criticised for reviewing plan to pay farmers for environmental protection

One of Liz Truss’s favourite rightwing thinktanks has criticised the government for considering ditching a much-vaunted new funding structure for farmers, calling the existing subsidy system “a massive transfer of wealth from taxpayers to landowners”.

Truss has announced plans to review the environmental land management scheme (Elms), where farmers would be paid for environmental protection, in order, potentially, to go back to largely area-based payments. The plans were criticised as being “deeply economically inefficient” and for encouraging “laziness” by the Institute of Economic Affairs.

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There is an "urgent need" for Australian Safeguard facilities to access international carbon credits that have been correspondingly adjusted in line with Paris Agreement rules, oil and gas company Woodside said Tuesday.

EUA prices gave up some of the previous session's sharp gains early on Tuesday as traders absorbed the implications of the European Parliament's preliminary deal on REPowerEU carbon sales, while energy prices rose strongly after reports of leaks in undersea sections of the Nord Stream gas pipeline system.

An energy analyst has left analytics firm ICIS to join a London-based fund.

RSPB, National Trust and others call on supporters to write to MPs as they argue ‘nature is not a negotiable luxury’

Environmental charities are mobilising their millions of members to take on the UK government over what they say is an attack on nature in the push for growth.

Groups including the RSPB, the National Trust, the Wildlife Trusts, and Wildlife and Countryside link are encouraging supporters to put pressure on Conservative MPs over proposals that they say strike at the heart of environmental and wildlife protections.

The removal from the statute books of 570 laws derived from EU directives that make up the bedrock of environmental regulations in the UK, covering sewage pollution, water quality and clean air. These include the habitat regulations, which have protected areas for wildlife for more than 30 years.

The ending of the moratorium on fracking.

The creation of low-tax investment zones from Cornwall to Cumbria where environmental protections would be relaxed to encourage development.

The feared scrapping of the post-Brexit environmental land management scheme (Elms), which pays farmers to enhance nature.

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A Chinese province has published a set of work guidelines that lays out how lawbreakers can be made to buy forestry carbon sinks under an ecological compensation scheme, the first of its kind in the country that has drawn mixed feedback from observers.

An India-based carbon project developer has expanded its production facilities, more than quadrupling the number of cookstoves it can produce annually to 5 million.

New battery contract in Victoria represents a world-first deal that paves away for a national grid that is truly 100 per cent renewables.

The post Landmark battery deal in Victoria another big step towards 100 per cent renewables appeared first on RenewEconomy.