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Sen. Chris Coons. Photo: Bastiaan Slabbers/NurPhoto via Getty Images

Democratic Sen. Chris Coons (Del.) and Republican Sen. Mike Braun (Ind.) are launching the Senate Climate Solutions Caucus aimed at fostering bipartisan cooperation on climate change.

The big picture: Coons, in remarks to NBC News, laid out some areas of potential cooperation. "Bipartisan ideas already exist — from improving energy efficiency and investing in R&D to supporting energy security and workforce development," he said.

Driving the news: The Washington Examiner writes that Republican Sen. Lisa Murkowski (Alaska), who chairs the Energy and Natural Resources Committee, will join the effort.

Quick take: The formation comes on the heels of a fresh reminder that while modest agreements may be possible, Democrats face massive hurdles if they seek to advance sweeping legislation to sharply cut emissions.

  • Last week Democrats fell far short in their effort to thwart the EPA's decision to scrap Obama-era carbon emissions regulations for power plants — a vote that saw three conservative Democrats vote with the GOP.

What they're saying: "The Democratic defections underscore our view that even if Democrats take the Senate and White House in 2020, the need for moderate support within their caucus will force them to temper their most aggressive environmental policy ambitions to have any chance at passage," Rapidan Energy Group said in a note last week.

Go deeper

Ben Geman, author of Generate
45 mins ago - Politics & Policy

Biden to sign major climate orders, setting up clash with oil industry

Illustration: Aïda Amer/Axios

President Biden will sign new executive actions today that provide the clearest signs yet of his climate plans — elevating the issue to a national security priority and kicking off an intense battle with the oil industry,

Driving the news: One move will freeze issuance of new oil-and-gas leases on public lands and waters "to the extent possible," per a White House summary.

The rebellion against Silicon Valley (the place)

Photo illustration: Sarah Grillo/Axios. Smith Collection/Gado via Getty Images

Silicon Valley may be a "state of mind," but it's also very much a real enclave in Northern California. Now, a growing faction of the tech industry is boycotting it.

Why it matters: The Bay Area is facing for the first time the prospect of losing its crown as the top destination for tech workers and startups — which could have an economic impact on the region and force it to reckon with its local issues.

Erica Pandey, author of @Work
4 hours ago - Economy & Business

Telework's tax mess

Illustration: Annelise Capossela/Axios

As teleworkers flit from city to city, they're creating a huge tax mess.

Why it matters: Our tax laws aren't built for telecommuting, and this new way of working could have dire implications for city and state budgets.