Feb 12, 2018

What to expect from Congress' carbon capture tax incentive

Ben Geman, author of Generate

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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Axios
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 6:30 p.m. ET: 32,390,204 — Total deaths: 985,302 — Total recoveries: 22,286,345 — Map.
  2. U.S.: Total confirmed cases as of 6:30 p.m ET: 7,020,967 — Total deaths: 203,481 — Total recoveries: 2,710,183 — Total tests: 98,476,600 — Map.
  3. States: "We’re not closing anything going forward": Florida fully lifts COVID restaurant restrictions — Virginia Gov. Ralph Northam tests positive for coronavirus.
  4. Health: Young people accounted for 20% of cases this summer.
  5. Business: Coronavirus has made airports happier places —The expiration of Pandemic Unemployment Assistance looms.
  6. Education: Where bringing students back to school is most risky.
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Mike Allen, author of AM
1 hour ago - Politics & Policy

Biden pushes unity message in new TV wave

A fresh Joe Biden ad, "New Start," signals an effort by his campaign to make unity a central theme, underscoring a new passage in his stump speech that says he won't be a president just for Democrats but for all Americans.

What he's saying: The ad — which began Friday night, and is a follow-up to "Fresh Start" — draws from a Biden speech earlier in the week in Manitowoc, Wisconsin:

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Jonathan Swan, Alayna Treene, Sam Baker
2 hours ago - Politics & Policy

Trump prepares to announce Amy Coney Barrett as Supreme Court replacement

Judge Amy Coney Barrett. Photo: Matt Cashore/Notre Dame University via Reuters

President Trump is preparing to nominate federal appeals court Judge Amy Coney Barrett of Indiana, a favorite of both the social conservative base and Republican elected officials, to succeed Justice Ruth Bader Ginsburg, Republican sources tell Axios.

Why it matters: Barrett would push the already conservative court further and harder to the right, for decades to come, on the most important issues in American politics — from abortion to the limits of presidential power. If confirmed, she would give conservatives a 6-3 majority on the high court.

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