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Former California Gov. Arnold Schwarzenegger speaks as Gov. Jerry Brown, left, listens at a climate bill signing. Photo: Eric Risberg / AP

Nearly 1,400 companies apply an internal mechanism to price carbon emissions, a jump from 150 just four years ago, according to a report from non-profit group CDP.

Why it matters: The more than eightfold increase shows how seriously corporate America is taking the issue. The internal mechanisms indicate companies are preparing for an eventual external price on carbon, even if that's further off now with President Trump in the White House. It also reflects increasing investor concerns about the risks climate change can bring companies.

Key takeaways:

  • The report shows China in particular has had a 40% increase in companies applying an internal carbon pricing mechanism over the last year.
  • Over three-quarters of the energy and utilities' market cap is using carbon-pricing systems, including PG&E Corporation and National Grid.
  • The Trump factor, per the report: "Despite political uncertainty in the United States concerning climate-related regulation, the number of U.S. companies reporting the use of an internal carbon price continues…" 96 are already carbon pricing and 142 have plans to implement one by 2019. California in particular extended its cap-and-trade system to 2030.

Go deeper: Axios reporter Amy Harder delved into this issue in two separate columns: Wall Street is starting to care about climate change and Corporate America isn't backing Trump on climate.

Go deeper

Trump pressures Barr to release so-called Durham report

Bill Barr. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump and his allies are piling extreme pressure on Attorney General Bill Barr to release a report that Trump believes could hurt perceived Obama-era enemies — and view Barr's designation of John Durham as special counsel as a stall tactic, sources familiar with the conversations tell Axios.

Why it matters: Speculation over Barr's fate grew on Tuesday, with just 49 days remaining in Trump's presidency, after Barr gave an interview to the Associated Press in which he said the Justice Department has not uncovered evidence of widespread fraud that could change the election's outcome.

CDC to cut guidance on quarantine period for coronavirus exposure

A health care worker oversees cars as people arrive to get tested for coronavirus at a testing site in Arlington, Virginia, on Tuesday. Photo: Olivier Douliery/AFP via Getty Images

The CDC will soon shorten its guidance for quarantine periods following exposure to COVID-19, AP reported Tuesday and Axios can confirm.

Why it matters: Quarantine helps prevent the spread of the coronavirus, which can occur before a person knows they're sick or if they're infected without feeling any symptoms. The current recommended period to stay home if exposed to the virus is 14 days. The CDC plans to amend this to 10 days or seven with a negative test, an official told Axios.

  • The CDC did not immediately respond to a request for comment.
4 hours ago - Health

CDC panel: COVID vaccines should go to health workers, long-term care residents first

Hospital staff work in the COVID-19 intensive care unit in Houston. Photo: Go Nakamura via Getty

Health-care workers and nursing home residents should be at the front of the line to get coronavirus vaccines in the United States once they’re cleared and available for public use, an independent CDC panel recommended in a 13-1 emergency vote on Tuesday, per CNBC.

Why it matters: Recent developments in COVID-19 vaccines have accelerated the timeline for distribution as vaccines developed by Pfizer and Moderna undergo the federal approval process. States are preparing to begin distributing as soon as two weeks from now.

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