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Expand chart
Data: IEA; Chart: Will Chase/Axios

The pipeline of carbon capture projects worldwide is growing and there are signs that fewer plans will die on the vine than in the past, the International Energy Agency said.

Why it matters: Carbon capture, utilization and storage has the potential to curb emissions from heavy industries and power generation. But the long-hoped-for scale-up of commercial deployment has unfolded very slowly.

Driving the news: The new IEA commentary says over 100 projects have been announced this year. And more projects may survive the journey from concept to commercial operation, writes Samantha McCulloch, head of IEA's CCUS unit.

  • "While CCUS certainly still faces challenges, the combination of strengthened climate goals, an improved investment environment and new business models have set the stage for greater success in coming years," she writes.

Catch up fast: The IEA report catalogs the gap between hope and reality in the past, with numerous projects canceled over the past decade.

  • Less than 3 million tons of CO2 capture capacity has been added annually. Right now global capacity is around 40 million tons.
  • That's a far cry from the 1.6 billion cumulative total envisioned by 2030 in IEA's roadmap for meeting net-zero global emissions by 2050.

Read the analysis.

Go deeper

Exclusive: FAA's bid to reduce airplane emissions

Illustration: Brendan Lynch/Axios

The FAA is poised to expand its implementation of continuous approaches at more airports this year to save fuel and greenhouse gas emissions.

State of play: The regulatory agency has also quantified the emissions savings from its efforts in 2021.

Why 401(k) rollovers are so annoying

Illustration: Aïda Amer/Axios

If you happened to change jobs recently, you may have tried to transfer your retirement account from your former employer into an Individual Retirement Account or your new employer's 401(k) plan. If so, you probably encountered a bureaucratic gantlet — and you're not alone.

Why it matters: Kludgey processes around retirement account transfers result in people losing track of their funds, giving up important tax advantages, or otherwise disadvantaging themselves and being less prepared for retirement.

The hard math behind America's labor shortage

Data: Bureau of Labor Statistics, Congressional Budget Office; Chart: Axios Visuals

Yes, the pandemic has created unusual temporary labor market dynamics. But in the bigger picture, the 2010s were a golden age for companies seeking cheap labor. The 2020s are not.

The big picture: In the 2010s, the massive millennial generation was entering the workforce, the massive baby bo0m generation was still hard at work, and there was a multi-year hangover from the deep recession caused by the global financial crisis.