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Photo: Jakub Porzycki/NurPhoto via Getty Images

IBM is pledging to eliminate its greenhouse gas emissions by 2030, becoming the latest tech giant to unveil a target that will require tangible near-term steps to succeed.

Why it matters: The tech industry has a big energy footprint thanks to power-hungry data centers and other operations.

Driving the news: IBM's announcement included an interim pledge to cut emissions by 65% by 2025 (compared to 2010 levels). They said...

  • IBM will procure 75% of its power worldwide from renewables by 2025, reaching 90% in 2030.
  • This would apply to their direct energy consumption, rather than relying on purchase of renewable energy certificates.
  • Improving efficiency will help IBM meet the target.

The intrigue: The company acknowledged that "residual" emissions will remain after those steps to green their operations.

  • So part of IBM's pledge is to use tech like CO2 capture to "remove emissions in an amount which equals or exceeds the level of IBM's residual emissions."

The big picture: The move comes roughly a year after Microsoft vowed to be "carbon negative" by 2030, while Amazon — whose carbon footprint includes its massive delivery system — had pledged to be net-zero by 2040.

Go deeper

Dion Rabouin, author of Markets
41 mins ago - Economy & Business

The Fed could be firing up economic stimulus in disguise

Federal Reserve governor Lael Brainard at a "Fed Listens" event. Photo: Eric Baradat / AFP via Getty Images.

Even as global growth expectations increase and governments pile on fiscal spending measures central bankers are quietly restarting recession-era bond-buying programs.

Driving the news: Comments Tuesday from Fed governor Lael Brainard suggest the Fed may be jumping onboard the global monetary policy rethink and restarting a program used following the 2008 global financial crisis.

Democrats' hypocrisy moment

Illustration: Eniola Odetunde/Axios. Photo: Ray Tamarra/Getty Images

Gov. Andrew Cuomo should be facing explicit calls to resign from President Biden on down, if you apply the standard that Democrats set for similar allegations against Republicans. And it's not a close call.

Why it matters: The #MeToo moment saw men in power run out of town for exploiting young women. Democrats led the charge. So the silence of so many of them seems more strange — and unacceptable by their own standards — by the hour.

Police officers' immunity from lawsuits is getting a fresh look

Illustration: Aïda Amer/Axios

Nearly a year after the death of George Floyd, advocates of changes in police practices are launching new moves to limit or eliminate legal liability protections for officers accused of excessive force.

Why it matters: Revising or eliminating qualified immunity — the shield police officers have now — could force officers accused of excessive force to personally face civil penalties in addition to their departments. But such a change could intensify a nationwide police officer shortage, critics say.