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A daily summary of our news plus bite-sized updates from around the world.

Minister says technology to collect energy and beam it to Earth could help boost UK’s energy security

UK universities and tech companies are to receive £4.3m in government funding to develop space-based solar power.

The technology, which collects energy from the sun using satellite-mounted panels and beams it to Earth, had huge potential to boost the UK’s energy security, the UK’s energy security secretary, Grant Shapps, said.

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The relationships between plants and fungi may sequester carbon equivalent to more than one-third of global CO2 emissions from fossil fuels, according to a new study.

Microbes are the most critical factor in determining the carbon storage capacity of soil, far surpassing other processes like decomposition, according to new research that could have significant implications for climate change mitigation and improving soil health for agriculture.

A Dutch climate-tech firm has secured €3 million in funding to accelerate the growth of its product Life Cycle Assessment (LCA) technology and market teams.

2016 was the world’s warmest year on record, due in part to a very strong El Niño event. But 2023 (and 2024) could beat that record – what should we expect? Kevin Trenberth, Distinguished Scholar, NCAR; Affiliate Faculty, University of Auckland Licensed as Creative Commons – attribution, no derivatives.

Current disclosed corporate targets are not sufficient to limit warming to 1.5C, according to a new tracker, finding that only 5% of the world's emissions are covered by robust plans.

An impact investment fund has agreed to disburse $3.5 million to a project developer to distribute a further 90,000 cookstoves via an existing carbon crediting programme in Africa.

California Carbon Allowance (CCA) prices on Monday surged to levels not seen since last summer ahead of this week’s California-Quebec joint workshop to discuss potential amendments to the linked cap-and-trade programmes.

The New York Assembly this weekend failed to vote on a bill to enact a low-carbon fuel standard (LCFS) prior to the adjournment of the 2023 legislative session, with a key lawmaker aiming to receive more education on the transportation sector programme before the next session begins.

RGGI Allowance (RGA) prices bounced around this week as traders positioned for the June auction, but ultimately ended at a loss after results showed the Q2 sale cleared below most market participants’ expectations.

Study says leaked hydrogen could have global warming impact 12-times stronger than CO2, highlighting need to prevent leakages during production, transportation, and usage.

The post Hydrogen’s dirty secret: Leaks could have 12-times impact on global warming than CO2 appeared first on RenewEconomy.

Ørsted and Vestas announce "industry-first" partnership to deliver "net-zero wind farms" with turbine towers made from low-carbon steel and blades made from recycled materials.

The post Ørsted and Vestas to use low-carbon steel and recycled bladed in offshore wind projects appeared first on RenewEconomy.

When food scraps and garden clippings are sent to landfill, it’s not just a waste of nutrients and water. The rotting organic matter trapped in landfill produces methane, a potent greenhouse gas. Susanne Schmidt, Professor - School of Agriculture and Food Science, The University of Queensland Nicole Robinson, Research Fellow, School of Agriculture and Food Sciences, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.

A flurry of companies took advantage of low carbon credit prices last week to boost retirement levels, giving an indication that the long-sliding market has found a floor.

Xpansiv is spinning out its finance data subsidiary into a new company called Fiutur following the company’s decision to licence its global environmental reference system in conjunction with its digital measurement, reporting and verification technology.

Researchers found that severe turbulence had increased 55% between 1979 and 2020 on a typically busy North Atlantic route.

Draft European Commission rules to require companies in the EU to disclose social and environmental risks and impacts of their activities have been significantly watered down compared to the technical advisory recommendations, sustainable finance associations said on Monday.

The circular economy can play a role in alleviating most of the pressure currently applied by the food, construction, energy, and textile sectors on biodiversity worldwide, according to a briefing by the European Environment Agency (EEA) published on Monday.

A scientific study evaluating the impact of one of the first established biodiversity offsetting schemes on native vegetation found it was not possible to conclusively demonstrate the policy had resulted in a net biodiversity gain due to limited data and the lack of robust impact evaluations.