Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Pedro Fiúza/NurPhoto via Getty Images

Microsoft vowed Thursday to be "carbon negative" by 2030 and announced new plans to fund emerging technologies and methods that pull CO2 directly from the atmosphere.

Why it matters: Those plans and other climate efforts Microsoft rolled out are perhaps the strongest among Big Tech companies.

  • They arrive as the sector overall is increasingly under pressure from activists over its emissions and work with oil industry clients.

The big picture: Microsoft said its pledge to be carbon negative — that is, spur removal of more CO2 than it produces — would apply not only to its direct operations and energy supplies, but also the far larger carbon output from use of its products in the economy and other indirect emissions.

  • In addition, Microsoft said that by 2050 it will "remove from the environment all the carbon the company has emitted either directly or by electrical consumption since it was founded in 1975."

The company's new efforts include...

  • Expanding its internal carbon tax to apply to its supply and value chains, not just emissions from its direct operations.
  • Creating a $1 billion fund to "accelerate the global development of carbon reduction, capture, and removal technologies."
  • New efforts to help suppliers and customers reduce their carbon footprints, and making carbon-cutting an "explicit" aspect of their procurement.

The state of play: A UN-led scientific report in 2018 concluded that pathways for holding temperature rise to 1.5°C require some level of carbon removal — not just steeply cutting and preventing emissions.

  • Carbon removal methods include "direct air capture" technologies, large-scale forest planting and restoration, bio-energy coupled with carbon capture and storage, and more.

Go deeper:

Go deeper

Updated 2 hours ago - World

German election: Social Democrats narrowly beat Angela Merkel's bloc

SPD leader Olaf Scholz. Photo: Sean Gallup/Getty Images

BERLIN — The center-left Social Democratic Party (SDP) clinched a narrow victory in Germany's historic federal elections on Sunday, just four years after suffering its worst loss since World War II.

Why it matters: It's a stunning political comeback for the SPD, paving the way for its chancellor candidate Olaf Scholz to form a new governing coalition and lead Europe's largest economy into the post-Merkel era.

NTSB investigating deadly Amtrak derailment in Montana

Photo: Jacob Cordeiro/Twitter

The National Transportation Safety Board investigators arrived on Sunday evening at the site of an Amtrak derailment near Joplin, Montana, which authorities said killed three people and wounded some 50 others.

The big picture: 141 passengers and 16 crew members were on the Empire Builder train, traveling from Chicago to Seattle and Portland, Oregon, when eight of the 10 cars derailed about 4pm Saturday, per an Amtrak statement.

Updated 6 hours ago - Politics & Policy

Liz Cheney: Americans deserve better than choice of Biden or Trump

Rep. Liz Cheney talks with Lesley Stahl on CBS' "60 Minutes." Photo: CBS News

Rep. Liz Cheney (R-Wyo.) told CBS' "60 Minutes" in an interview broadcast Sunday that Americans "deserve better than having to choose between" President Biden's "disastrous" policies and former President Trump, "who violated his oath of office."

Why it matters: Cheney made the remarks after CBS' Lesley Stahl put it to her in the interview that Republicans feel that her joining the House select committee in charge of investigating the Jan. 6 U.S. Capitol riot helps "keep the focus on Trump instead of on the shortcomings of the Biden administration."

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!