GCC: Nine states and DC to design regional approach to cap greenhouse gas emissions from transportation
Posted: Thu Dec 20, 2018 6:50 pm
https://www.greencarcongress.com/2018/1 ... 0-tci.html
A coalition of nine Northeast and Mid-Atlantic states and the District of Columbia announced their intent to design a new regional low-carbon transportation policy proposal that would cap and reduce carbon emissions from the combustion of transportation fuels, and invest proceeds from the program into low-carbon and more resilient transportation infrastructure.
The statement, endorsed by Connecticut, Delaware, Maryland, Massachusetts, New Jersey, Pennsylvania, Rhode Island, Vermont, Virginia, and Washington, DC, describes the goals of such a program, including reducing climate changing pollution, creating economic opportunity, and improving transportation equity for currently underserved and overburdened populations. . . .
- Informed by input from hundreds of stakeholders and expert analysis, the participating TCI jurisdictions will design a regional low-carbon transportation policy proposal that would cap and reduce carbon emissions from the combustion of transportation fuels through a cap-and-invest program or other pricing mechanism, and allow each TCI jurisdiction to invest proceeds from the program into low-carbon and more resilient transportation infrastructure. This proposed program, when combined with existing programs and complementary policies, will be designed to achieve substantial reductions in transportation sector emissions and provide net economic and social benefits for participating states.
The participating TCI jurisdictions plan to complete the policy development process within one year, after which each jurisdiction will decide whether to adopt and implement the policy. The participants intend this program to be implemented on a regional basis after a critical mass of Northeast and Mid-Atlantic states have completed the legal processes to implement the agreed upon pricing mechanism.
—Transportation & Climate Initiative Statement. . . .