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.
Model rule & draft implementation planBusinesses encourage governors to join the Transportation and Climate Initiative Program (TCI-P) and take this major step to
North CarolinaNorth Carolina can curb carbon and grow its economy at the same time. TCI-P puts a price on carbon in the transportation sector
D.C.D.C. can curb carbon and grow its economy at the same time. Mayor Muriel Bowser signed the Transportation and Climate Initiative