"A feasibility study is underway for the world’s first commercial facility that integrates direct air capture (DAC) of atmospheric carbon dioxide with gas fermentation of CO₂ and production of aviation fuels. LanzaTech (Chicago, Ill.; www.lanzatech.com) and Carbon Engineering (Squamish, B.C.; www.carbonengineering.com) have partnered on this first-of-its-kind facility to produce sustainable aviation fuel from atmospheric CO₂."

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"The White House and top Democratic lawmakers have agreed to boost a tax credit for industrial carbon capture projects in a deal that could help solidify support for the budget reconciliation bill at the heart of President Joe Biden's economic agenda, two sources with knowledge of the matter said."

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"This summer’s record-breaking heatwave in the American northwest offered a reminder – as if it were needed – of what anthropogenic climate change will mean for living conditions now and in the future. Average global temperatures have already risen to 1.2C above pre-industrial levels and could increase by another 5C over the next 80 years. This warming is hastening the extinction of many species and rendering parts of the world less hospitable for human habitation. By some estimates, climate change may force more than 1bn people to migrate by 2050.
Confronted with such massive long-term risks, many of our long-held assumptions will need to be revised, and the economics discipline is no exception. If we are going to avoid misguided policy pathways such as those that would abandon economic growth completely (even though billions of people around the world are still in poverty), we need to adapt mainstream economics to new climate realities."

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"After more than three decades of trying, Austria moves to tax carbon. Austria has a carbon tax or, in slightly more dramatic terms: 'Habemus CO₂ tax.' But the reception in Austria and beyond was quite a bit more muted than the joyous announcement of a new pope. Environmental group Greenpeace called it “too weak, too late and ineffective.” They have a point."

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