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

U.S. economy added 4.8 million jobs in June

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. economy added 4.8 million jobs last month, while the unemployment rate dropped to 11.1% from 13.3% in May, according to government data released Thursday.

The state of play: While the labor market showed more signs of recovery when the government’s survey period ended in early June, the lag means that more recent developments, like the surge in coronavirus cases and resultant closures in some states, aren't captured in this data.

1.4 million Americans filed for unemployment last week

Photo: Wang Ying/Xinhua via Getty Images

Another 1.4 million Americans filed for unemployment last week, the Department of Labor announced Thursday.

Why it matters: New applications for unemployment remain historically high, suggesting layoffs are still widely prevalent. However, they remain well below the all-time record seen when the coronavirus pandemic first hit.

The crushing budget blow awaiting state and local government workers

Illustration: Eniola Odetunde/Axios

State and local government jobs are being gutted, even as the labor market shows signs of a slight recovery.

Why it matters: The coronavirus pandemic blew a hole in state and local government budgets. A slew of states cut spending and jobs — with more planned layoffs announced this week as states try to balance budgets.