Feb 12, 2018

What to expect from Congress' carbon capture tax incentive

A coal-fired plant. Photo: Goh Chai Hin / AFP via Getty Images.

"The new US tax credit for carbon capture, utilisation and storage will provide pivotal support for this critical technology. We welcome US leadership behind this important and significant step in the right direction."
IEA Director Fatih Birol, on the expansion of carbon capture incentives in the federal budget.
  • Why it matters: Birol has long been concerned that global efforts on CO2 capture have been lagging badly.
  • Yes, but: It's far from clear that the expanded tax credits are enough to jumpstart large-scale carbon storage efforts. Several energy and climate experts debated this point over the weekend in this Twitter thread.

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UFC wants to host fight on tribal land to avoid coronavirus restrictions

Illustration: Aïda Amer/Axios

In an attempt to skirt federal and state guidelines during the coronavirus pandemic, the UFC plans to hold its April 18 pay-per-view event on tribal land in California, per multiple reports.

The state of play: Even as the rest of the sports world hits pause, UFC president Dana White has remained adamant that fights must go on, and appears to have settled for a shutdown casino in a state with the fourth-most confirmed cases of coronavirus.

Ivanka Trump plans focus on coronavirus recovery for small businesses

Ivanka Trump speaks at yesterday's White House videoconference with bank and credit card executives. Photo: Kevin Lamarque/Reuters

Ivanka Trump personally lobbied top bank executives to line up the $1.5 billion in commitments to small business that were announced yesterday at a videoconference among the bank executives and President Trump — stoking competitive juices among the execs to drive up their commitments.

The state of play: Ivanka, who has had workforce development in her portfolio going back to 2017, plans an increasing emphasis on small businesses in the weeks ahead as they navigate the rescue bill’s Payroll Protection Program, sources tell me.

Public transit's death spiral

Illustration: Eniola Odetunde/Axios

Public transit systems across the country are experiencing a painful trifecta: Ridership has collapsed, funding streams are squeezed, and mass transit won't bounce back from the pandemic nearly as fast as other modes of transportation.

Why it matters: Transit agencies could see an annual shortfall of as much as $38 billion due to the coronavirus pandemic, according to TransitCenter. At the same time, they're more important than ever, with more than 36% of essential workers relying on public transportation to get to work.

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