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Photo: Florian Gaertner/Photothek via Getty Images

A bipartisan handful of House members unveiled a carbon tax plan last night that stands no chance of becoming law, at least not for years.

Why it still matters: It's a marker for efforts to move national carbon pricing beyond the think tank and advocacy world, where it has largely been exiled since a big cap-and-trade plan collapsed in the Senate in 2010. And it could help shape what emerges if climate legislation gains traction under a different president, and if there's a shift in congressional power with either firm Democratic control or erosion of what's now almost unified GOP's resistance.

Reality check: Needless to say, those are big caveats. Carbon taxes face opposition from advocacy groups that are influential in GOP circles.

Driving the news: Florida Democrat Ted Deutch unveiled the bill with two other Democrats and two Republicans. The bill would impose an initial $15-per-ton carbon "fee" on fossil fuel producers, processors and importers.

  • It rises $10 annually.
  • All the revenues are returned to the public.
  • The plan would remove some but not all greenhouse gas regulations.
  • Deutch's co-sponsors are Democrats John Delaney and Charlie Crist, and Republicans Francis Rooney and Brian Fitzpatrick.
  • They plan to quickly re-introduce it in the next Congress.

By the numbers: The plan aims to cut U.S. carbon emissions by 33% from 2015 levels within 10 years and by 90% by 2050. The sponsors say it would create 2.1 million net jobs within 10 years and prevent 13,000 pollution-related deaths annually.

Another reason the bill matters: It's a useful starting point for comparing various legislative proposals floating around.

  • That's what Noah Kaufman of Columbia University's Center on Global Energy Policy does in this new analysis, which basically finds it more effective.

Where it stands: It has support from some conservative groups pushing carbon taxes as a market-friendly climate policy and some environmental groups.

  • According to the sponsor's press release, backers include: Citizens Climate Lobby, Climate Leadership Council, The Nature Conservancy, Alliance for Market Solutions, Environmental Defense Fund, RepublicEn, Niskanen Center, National Wildlife Federation, and the National Audobon Society.
  • It also drew supportive statements from the Center for Climate and Energy Solutions and the World Resources Institute.

Go deeper: The cost of climate change

Go deeper

Updated 52 mins ago - Politics & Policy

U.S. faces urgent anti-hacker crisis

Illustration: Allie Carl/Axios

The Biden administration is accelerating efforts to fill nearly 600,000 vacant cybersecurity positions in the public and private sectors bogging down efforts to protect digital infrastructure.

Why it matters: Following a deluge of ransomware attacks targeting critical government and corporate infrastructure this year, clogs in the talent pipeline are leaving federal, cash-strapped local governments and Big Business even more susceptible to hacking.

Mike Allen, author of AM
6 hours ago - World

Courage vs. coddling with China

Peng Shuai of China serves during the China Open in Beijing in 2017. Photo: Andy Wong/AP

The women's professional tennis tour suspended tournaments in China Wednesday out of concern for Peng Shuai, on the same day that a top business voice made excuses for Beijing.

Why it matters: Ahead of February's Winter Olympics in Beijing, some sports figures are taking on the regime — while Big Business shrinks from confrontation with the world's second-largest economy.

6 hours ago - Sports

What to know about the first MLB lockout since 1995

Illustration: Shoshana Gordon/Axios

Hope you enjoyed the recent flurry of free-agent activity, because it's likely the last non-lockout-related MLB news for a while.

Driving the news: The owners locked out the players after the collective bargaining agreement expired at midnight last night, leading to MLB's ninth work stoppage — and first since 1995.