Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Rep. Frank Lucas. Photo: Bill Clark/Getty Images

Washington would double the amount of federal funding in basic science research per a new proposal by Oklahoma Rep. Frank Lucas, the top Republican on the House Science and Technology Committee, as a way to address climate change.

The big picture: Lucas' policy as part of House Republicans’ broader efforts on the matter is far narrower than the sweeping draft legislation Democrats unveiled Tuesday that aims to slash emissions over the next 30 years.

Driving the news: Lucas’ legislation, introduced Tuesday, would increase basic science research funding from roughly $16 billion to $32 billion over 10 years.

  • It’s unclear how much of that funding would go toward reducing emissions.
  • The focus of Lucas’s bill is as much on ensuring America’s leadership in science and technology as climate change itself.

Why it matters: While the policy is unlikely to pass with Democrats controlling the House, it is nonetheless the latest concrete policy we can expect Republicans to push as they face pressure from voters to acknowledge and address climate change.

What they’re saying: Lucas, like nearly all congressional Republicans, rejected the idea that Washington should pass a carbon tax as a “stick” to push clean-energy technologies, as opposed to continuing to rely on “carrot” policies incentivizing new tech.

“A lot of folks I work with advocate carbon taxes, rules and regulations — all sorts of ways to compel consumers to do things that are at least in the short- and medium-term not in their best economic interest. ... I just fundamentally believe that’s not the direction that will ultimately get to where we and the world wants to go.”
— Frank Lucas said in an exclusive interview previewing the bill

Go deeper: What’s in Republicans’ new climate-change push

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: Supreme Court backs religious groups on New York COVID restrictions.
  3. Economy: Safety nets to disappear in DecemberAmazon hires 1,400 workers a day throughout pandemic.
  4. Education: U.S. public school enrollment drops as pandemic persists — National standardized tests delayed until 2022.
  5. Cities: Los Angeles County issues stay-at-home order, limits gatherings.
  6. World: London police arrest dozens during anti-lockdown protests — Thailand, Philippines sign deal with AstraZeneca for vaccine.

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

Dan Primack, author of Pro Rata
8 hours ago - Economy & Business

The unicorn stampede is coming

Illustration: Annelise Capossela/Axios

Airbnb and DoorDash plan to go public in the next few weeks, capping off a very busy year for IPOs.

What's next: You ain't seen nothing yet.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!