Only Three States, D.C. Agree To Launch Transport Cap & Trade Program

Three states and the District of Columbia are the only jurisdictions that are formally committing to launch the Transportation Climate Initiative (TCI), the nation’s first regional cap-and-trade program to cut transportation fuel greenhouse gases, with the forthcoming program slated to cut emissions 26 percent between 2022 and 2032. The governors of Massachusetts, Rhode Island and Connecticut and the mayor of D.C. Dec. 21 signed a memorandum of understanding (MOU) committing to join the program. Seven other states that signed the...