A multistate cap-and-invest program to reduce carbon emissions from the transportation sector is dead after several participating states pulled out.

By Jean-Philippe Brisson, Joshua T. Bledsoe, Benjamin Einhouse, and Brian McCall

Less than one year ago, the governors of Massachusetts, Rhode Island, and Connecticut, as well as the mayor of the District of Columbia, announced that their respective jurisdictions would establish the Transportation & Climate Initiative Program (TCI-P) and released a memorandum of understanding (MOU) describing the agreed-upon principles for adoption and implementation of a regional program aimed at reducing carbon emissions from the transportation sector. But in the past two weeks, three of the four jurisdictions that signed the MOU have pulled out, effectively terminating the TCI-P.

Under the TCI program, fuel suppliers would be required to hold allowances to cover their reported emissions.

By Jean-Philippe Brisson, Joshua T. Bledsoe, and Benjamin W. Einhouse

The Transportation & Climate Initiative (TCI), a regional collaboration of Northeast and Mid-Atlantic states and the District of Columbia, has advanced its program to reduce greenhouse gas (GHG) emissions from the combustion of transportation fuels. On October 1, 2019, TCI published a Framework for a Draft Regional Policy Proposal (the Policy Proposal).

This blog post reviews the presentation of the TCI program’s key design elements and summarizes key stakeholder comments on the Policy Proposal.