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The governors of Massachusetts, Connecticut and Rhode Island, and the mayor of Washington, D.C., last week entered a multistate program to reduce pollution and invest in cleaner transportation.
The bipartisan Transportation and Climate Initiative Program (TCI-P) aims to cut greenhouse gas pollution from motor vehicles in the regions by an estimated 26% from 2022 to 2032, and generate more than $3 billion dollars over ten years for the participating jurisdictions to invest in equitable, less polluting transportation options, TCI-P officials said in a press release.
The TCI-P will require large gasoline and diesel fuel suppliers to purchase “allowances” for the pollution caused by the combustion of fuels they sell in participating jurisdictions. Auctioning those allowances would generate $300 million every year among the jurisdictions. The total number of emission allowances would decline each year, resulting in less transportation pollution, officials said.
Each jurisdiction implementing TCI-P will determine how to best invest program proceeds. Example investments may include improving the reliability of public transit; reducing air pollution by electrifying ports and freight facilities; expanding bike lanes, walking trails and sidewalks; and offering incentives for continued telecommuting to reduce congestion.
The jurisdictions also committed to dedicate a minimum of nearly $100 million each year combined to ensure that communities underserved by transportation systems and overburdened by pollution will benefit from clean transportation projects and programs.