Google campus in Mountain View, Calif. Photo: Amy Osborne/AFP/Getty Images

Amazon unveiled sweeping new energy and climate plans yesterday, and hours later, Google announced its biggest renewable power buys ever.

Why it matters: While the announcements by 2 of the world's biggest companies are stark signs that corporate giants are getting more aggressive about climate change, corporate commitments won't change the underlying trend of global carbon emissions on track to bring warming that blows past the Paris Agreement's temperature goals.

  • And get ready for more pledges around the UN climate conference Monday and the annual Climate Week NYC that begins the same day.

The big picture: The White House pullback combined with growing public and investor pressures have triggered new climate pledges and policies by "subnational" players — cities, states and companies.

  • But a newly updated analysis of thousands of these efforts shows that while they're consequential when carried out, they don't replace — at all — the need for stronger national-level emissions policies.
  • Still, these efforts could provide a significant boost to country-level plans and policies.

What they found: The report, which is from multiple organizations including the NewClimate Institute and Data-Driven EnviroLab, says global emissions in 2030 would be 1.2-2 gigatonnes of CO2-equivalent lower than national policies alone if plans by "subnational" players in the world's 10 largest economies are fully implemented.

  • That's roughly equivalent to Canada and Japan’s combined emissions in 2016, the study notes.

Catch up fast: Despite the pessimism, here's a look at what Amazon and Google actually rolled out ...

  • Amazon: The company vowed to have net-zero carbon emissions by 2040; power its facilities and operations with 100% renewable energy by 2030; and buy 100,000 electric delivery vans.
  • Google: The company announced a 1.6-gigawatt package of renewable power deals in the U.S., South America and Europe that the tech behemoth is calling the "biggest corporate purchase of renewable energy in history."
  • By the way, Google says it already procures enough renewable power to match its annual electricity consumption. But that doesn't mean Google operations are using carbon-free power all the time, something the company hopes to achieve eventually.

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Scoop: Chinese biotech giant's U.S. subsidiary received PPP loan

Chinese biotech company BGI Genomics provided mobile labs for conducting COVID-19 tests at a sports center in Beijing. Photo credit: Xinhua/Chen Zhonghao via Getty Images.

A U.S. subsidiary of Chinese genomics company BGI Group received a loan through the Paycheck Protection Program (PPP), according to data on the program released by the U.S. Treasury Department this week.

Why it matters: BGI's close ties to the Chinese government, which is constructing a massive genetics database of its population, have raised concerns among U.S. officials.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 11:30 a.m. ET: 12,081,232 — Total deaths: 550,440 — Total recoveries — 6,639,503Map.
  2. U.S.: Total confirmed cases as of 11:30 a.m. ET: 3,057,431 — Total deaths: 132,360 — Total recoveries: 953,420 — Total tested: 37,431,666Map.
  3. Public health: Cases rise in 33 states — Fauci says states with severe outbreaks "should seriously look at shutting down"
  4. Education: How Trump's push to reopen schools could backfire — College sports stare down a disaster in the fall.
  5. Jobs: 1.3 million Americans filed for unemployment last week.
  6. Travel: Over 1,000 TSA agents have tested positive.

Supreme Court says Manhattan prosecutors can obtain Trump's financial records

Photo: Saul Loeb/AFP via Getty Images

The Supreme Court on Thursday kept the fight over President Trump’s financial records alive, all but ensuring that those records won’t be made public before the election.

The big picture: The court ruled that presidents are not immune from investigation, denying Trump the sweeping grant of presidential power he had asked for. But the legal wrangling over Trump’s records, specifically, will continue — and they may end up in the hands of Manhattan prosecutors.