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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

Complaint to FTC: Amazon search results full of potentially deceiving ads

Photo: Nigel Kirby/Loop Images/Universal Images Group via Getty Images

Amazon does not sufficiently distinguish between its search results and paid ads, potentially "deceiving millions of consumers," according to a complaint filed to the Federal Trade Commission.

Why it matters: Joan Moriarty, research director for the Strategic Organizing Center, a coalition of labor unions that filed the complaint, told the Washington Post the group is "very hopeful" that the FTC will investigate the complaint because Lina Khan (D), a known Amazon critic, is now chair.

4 hours ago - Health

Pfizer-BioNTech: Booster doses more effective at blocking Omicron

Prepared doses of the BioNtech-Pfizer Covid-19 coronavirus vaccine in Germany on Dec. 7. Photo: Thomas Kienzle/AFP via Getty Images

Pfizer and BioNTech said Wednesday that two doses of their COVID-19 vaccine were significantly less effective at neutralizing the Omicron variant in early lab tests, but a three-dose regimen was more effective.

Why it matters: Omicron, which has been labeled a variant of concern by the World Health Organization after being identified by scientists in South Africa last month, has forced vaccine makers to reassess the effectiveness of their vaccines against this specific new form of coronavirus.

Mike Allen, author of AM
4 hours ago - Politics & Policy

Biden unveils "Building a Better America" branding

President Biden speaks on infrastructure while visiting a bridge in Woodstock, N.H., last month. Photo: John Tully/Getty Images

President Biden today launched a new website and unveiled bold new branding as part of a nationwide tour to sell the benefits of his infrastructure package.

Why it matters: The White House says passage of the new law shows the ability to "forge bipartisan consensus and prove our democracy can deliver big wins" even in these toxic times.

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