On December 18, nine states and the District of Columbia announced their intent to design a regional market-based proposal to shrink greenhouse gas emissions from the transportation sector. The proposal, endorsed by Connecticut, Delaware, Maryland, Massachusetts, New Jersey, Pennsylvania, Rhode Island, Vermont, Virginia, and Washington, DC, will be modeled after the Regional Greenhouse Gas Initiative and reduce carbon emissions through a “cap-and-invest” program, or other pricing mechanism, that invests proceeds into resilient, low-carbon transportation infrastructure.
All participating jurisdictions are members of the Transportation and Climate Initiative (TCI), a regional collaboration of Northeast and Mid-Atlantic states and the District of Columbia that seeks to improve transportation, develop the clean energy economy, and reduce carbon emissions from the transportation sector. The work of TCI is facilitated by the Georgetown Climate Center.
For more information, see the full joint statement.