TCI is a force for the future
The Transportation and Climate Initiative (TCI) puts a price on carbon across the transportation sector. State revenue from TCI will fund infrastructure investments across the region that will not only dramatically reduce emissions, but spur businesses to innovate in smarter, more modern ways to move people and products.
The Coalition for a Better Business Environment joins a long list of academics, environmental groups, policy leaders and others in support for TCI. It’s a great way to grow the economy and add jobs across the region – while helping out the rest of the world, too.
Projected benefits from TCI by 2032, on top of normal growth, include:
- Increasing jobs between ~ 2 K to 9 K
- Increasing GDP between ~ $0.7 B to $3 B
- Increasing personal income between ~ $0.5 B to $2 B
- Decreasing premature deaths
- Decreasing asthma symptoms
- Decreasing traffic-related injuries
- Avoiding $249 M – $892 M in climate damages
Revenue generated from TCI is projected to deliver:
- Electric Transit Buses: Up to 44,000 electric transit buses by 2032
- Bus Service and Transit Improvements: Up to $1.1 billion annually
- Electric School Buses: Up to 42,000 by 2032
- Electric Trucks: Up to 84,000 by 2032
- Bike Lanes and Sidewalks: Up to $5.6 billion region-wide through 2032
A multi-state collaborative effort facilitated by the Georgetown Climate Center, TCI is built on the model set by the successful Regional Greenhouse Gas Initiative – a similar policy focused on power sector emissions.
Support for the TCI MOUThe Transportation and Climate Initiative Memorandum of Understanding (MOU) was released on Monday, December 21, 2020 and
DelawareDelaware can curb carbon and grow its economy at the same time. Governor Carney can sign on to the Transportation and Climate
MarylandMaryland can curb carbon and grow its economy at the same time. Governor Hogan can sign on to the Transportation and Climate