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Photo illustration: Aïda Amer/Axios. Photo: Bill Clark/CQ Roll Call

The U.S. Chamber of Commerce is laying out what it wants to see in Democrats' brewing push to mandate escalating amounts of zero-carbon electricity.

Why it matters: The K Street powerhouse is closer to Republicans, but its views could influence some moderate Democrats, so that's important given Democrats' razor-thin Capitol Hill margins.

Driving the news: The Chamber explained its posture on a "clean energy standard" (CES) in a letter to lawmakers that comes as the White House and Congress hope to move a CES in a reconciliation package.

  • One noteworthy part: It wants "partial credit for electricity generation resources that feature a reduced (rather than zero) carbon footprint."
  • That means, among other things, natural gas, which emits far less CO2 when burned than coal.

Yes, but: "This conflicts with the path sought by Democrats working on a CES such as Sen. Tina Smith of Minnesota, who has said natural gas should only be credited if plants are equipped with carbon capture technologies," notes the Washington Examiner, which first reported on the letter.

Elsewhere, the Chamber letter says the CES should "insulate" existing power plants from "conflicting" regulations and provide a "realistic" timeframe for emissions cuts.

Go deeper

The state of Democrats' tentative climate deal

Illustration: Sarah Grillo/Axios

Democrats have unveiled specifics about their draft climate and social spending plan, but its path forward is pretty vague.

Catch up fast: The White House announced a "framework" Thursday morning with $555 billion in clean energy and climate investments. A nearly 1,700-page House draft emerged hours later.

6 mins ago - Technology

3D printing's next act: big metal objects

Chief Scientist Andy Bayramian makes modifications to the laser system on Seurat's 3D metal printer. Photo courtesy of Seurat Technologies.

A new metal 3D printing technology could revolutionize the way large industrial products like planes and cars are made, reducing the cost and carbon footprint of mass manufacturing.

Why it matters: 3D printing — also called additive manufacturing — has been used since the 1980s to make small plastic parts and prototypes. Metal printing is newer, and the challenge has been figuring out how to make things like large car parts faster and cheaper than traditional methods.

Rising rates may hammer the stock market

Illustration: Sarah Grillo / Axios

Stocks are much more vulnerable to interest rate swings than they used to be.

Why it matters: A sharp rise in rates in early 2022 is the key reason the stock market is off to an ugly start. And with the Federal Reserve making noise about trying to keep inflation in check, rates could go higher.