The Transportation and Climate Initiative (TCI) is a regional collaboration seeking to improve transportation, develop a clean energy economy and reduce carbon emissions across 12 East Coast states and the District of Columbia.
Modeled after RGGI and designed by state leaders, with help from the Georgetown Climate Center, the program would create a regional cap and trade program for transportation emissions. The policy aims for a 20-25% reduction in covered emissions in the first 10 years of the program, depending on the cap.
TCI will generate revenue that can be used to bring cleaner, modernized infrastructure to the region – including funds that can focus on underserved communities.
The US needs to release fewer emissions into the atmosphere. We also need to generate new jobs and revenue at this crucial moment. TCI does both. Estimates show TCI will:
bp joined with business leaders, transportation companies, environmental groups and more to bring this policy to the east coast.
We’ll continue to support state and regional carbon pricing programs, including TCI.