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Reproduced from Energy Futures Initiative; Chart: Axios Visuals

The nonprofit Energy Futures Initiative — led by former Energy Secretary Ernest Moniz — released a proposed 10-year, $10.7 billion plan for how federal agencies can spur large-scale use of tech that pulls CO2 from the atmosphere.

Why it matters: Carbon removal, or negative emissions, is getting more attention as the window is quickly closing for CO2 cuts steep enough to avoid high warming levels.

  • "[A]chieving global net-zero emissions is simply not credible without major carbon-negative contributions at considerable scale," the report notes.
  • It floats a multi-agency research, development and demonstration pathway aimed at bringing the technologies to "commercial readiness."

Quick take: This kind of proposal could inform a future White House and Congress, especially because there will be intense pressure for new climate steps if a Democrat wins the presidency next year.

The big picture: The 10-agency plan would explore a suite of methods, including direct air capture, soil and forestry techniques, and ocean absorption methods. It states...

"[Carbon dioxide removal] provides optionality and flexibility to compensate for difficult-to-decarbonize sectors and can reduce atmospheric CO2 concentrations from past emissions."

Go deeper: Carbon removal tech is having a moment

Go deeper

Updated 42 mins ago - Politics & Policy

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Illustration: Aïda Amer/Axios

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Dion Rabouin, author of Markets
2 hours ago - Economy & Business

CEO confidence skyrockets on expectations of layoffs and wage cuts

U.S. consumers remain uncertain about the economic environment but CEOs are feeling incredibly confident, the latest survey from the Conference Board shows.

Why it matters: Confidence among chief executives jumped 19 points from its last reading in July, rising above the 50-point threshold that reflects more positive than negative responses for the first time since 2018.

Louisville officer: "Breonna Taylor would be alive" if we had served no-knock warrant

Breonna Taylor memorial in Louisville. Photo: Brandon Bell/Getty Images

Sgt. Jonathan Mattingly, the Louisville officer who led the botched police raid that caused the death of Breonna Taylor, said the No. 1 thing he wishes he had done differently is either served a "no-knock" warrant or given five to 10 seconds before entering the apartment: "Breonna Taylor would be alive, 100 percent."

Driving the news: Mattingly, who spoke to ABC News and Louisville's Courier Journal for his public interview, was shot in the leg in the initial moments of the March 13 raid. Mattingly did not face any charges after Kentucky Attorney General Daniel Cameron said he and another officer were "justified" in returning fire to protect themselves against Taylor's boyfriend.

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