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A coal-fired plant in England that installed carbon capture technology. Photo: OLI SCARFF/AFP/Getty Images

The budget bill Congress passed early Friday morning includes a narrow but important tax incentive that would support technology capturing carbon emissions from coal plants and other facilities.

Why it matters: It helps make the economic case for this type of technology, which established science says is essential in cutting greenhouse gas emissions to the level scientists say we must, but is currently too expensive in most instances. It’s also seen as key for coal’s long-term viability in a world combating climate change.

Gritty details: The tax credit, which Congress first created in 2008, is expanded and extended for 12 years in the current budget bill, which experts say would increase the chances of more deployment across a range of innovative but costly technologies in this space. The bill's diverse backers could tout different benefits — climate change or coal's future.

The intrigue: As chief sponsor, Sen. Heidi Heitkamp, a Democrat from North Dakota, has been building an unusually broad coalition of support for the measure that began a couple of years ago (and far earlier for broader efforts on carbon capture). The measure’s sponsors include Senate Majority Leader Mitch McConnell, Republican from Kentucky, and Sen. Sheldon Whitehouse, Democrat from Rhode Island. Heitkamp also gathered diverse stakeholder support, ranging from environmental groups to coal companies.

In short, Heitkamp’s efforts represent a bipartisan exception to the partisan rule on one of the most partisan topics: energy and climate change.

Yes, but: Absent policy monetizing carbon emissions more broadly, this tax incentive is unlikely to prompt a huge wave of new projects.

Go deeper on my past Axios stories about carbon capture:

Go deeper

Tim Scott hopes to reintroduce version of GOP police reform bill

Photo: Stefani Reynolds/Bloomberg via Getty Images

Sen. Tim Scott (R-S.C.) told reporters Wednesday he plans to reintroduce his police reform bill or a similar proposal in the coming weeks and that he has discussed a potential compromise with Rep. Karen Bass (D-Calif.) and Sen. Cory Booker (D-N.J.).

Why it matters: Eyes have again turned to Washington to take steps to address police reform in the wake of Derek Chauvin's guilty verdict Tuesday, after efforts stalled in Congress last year.

Biden announces small business tax credits for vaccine PTO

Photo: Doug Mills/The New York Times/Bloomberg via Getty Images

President Biden on Wednesday called on all employers to provide workers paid time off to get vaccinated or recover from COVID side effects, and said he'll include a paid tax credit for small businesses that do so.

Why it matters: The Biden administration sees workplaces as highly influential in making shots more convenient for working adults who are in high-risk industries.

White House unveils plans for high-profile climate summit

Illustration: Aïda Amer/Axios

The Biden administration offered new details this morning about the big, virtual climate summit Thursday and Friday and signaled they expect new emissions reduction and climate finance commitments from multiple countries.

Driving the news: The administration said 40 heads of state would attend, including Russian President Vladimir Putin and President Jair Bolsonaro of Brazil.

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