Tag Archives: “cap and invest”

Today, three of the states participating in the Transportation Climate Initiative – Massachusetts, Connecticut, and Rhode Island – and the District of Columbia released a Memorandum of Understanding describing a “cap and invest” program intended to reduce carbon emissions from fossil fuels and raise money “to accelerate the transition to an equitable, safe, and affordable low-carbon transportation sector.” Here are the big takeaways:

• The four participating states are eight short of full participation among the TCI states. …

More

Yesterday, I noted with enthusiasm the announcement that the states participating in the Transportation and Climate Initiative had released a new draft Memorandum of Understanding outlining the framework of what “RGGI for cars” might look like.  I also provided a cautionary note that the politics of TCI would be tricky and that imposing a carbon fee sufficient to attain the goal of funding an effective, low-carbon, transportation system for New England in the 21st Century might prove difficult. … More

The 12 states and the District of Columbia participating in the Transportation and Climate Initiative announced today the release of a new draft Memorandum of Understanding that outlines the framework of what they are calling a cap and invest program for cars and trucks.  In short, it will require persons selling gasoline and on-road diesel at the wholesale level to hold allowances – which will be auctioned – in order to continue to sell such on-road fuels. … More