Model rule & draft implementation plan
Businesses Across the Region Back the TCI Model Rule and Draft Implementation Plan
Businesses encourage governors to join the Transportation and Climate Initiative Program (TCI-P) and take this major step to reduce emissions from the transportation sector.
In response to Connecticut, Massachusetts, Rhode Island, and Washington D.C.’s release of the Transportation and Climate Initiative Program Model Rule and Draft Implementation Plan on June 10, the Coalition for a Better Business Environment issued the following statement:
The Coalition for a Better Business Environment looks forward to continuing to work with leaders across the region to put in place a robust, efficient, and equitable TCI-P to reduce emissions from the transportation sector. We encourage the governors of Delaware, New Jersey, New York, North Carolina, Pennsylvania, Vermont, Maryland, and Virginia to formally join the program.
We believe the TCI-P will improve transportation, spark innovation and economic opportunities, and reduce emissions from the transportation sector across East Coast and Mid-Atlantic states—benefiting both citizens and businesses.
TCI-P creates a system that distributes a substantial portion of proceeds toward decarbonizing the transportation system, allowing businesses like ours to build lower carbon innovation into our plans so that we can all be part of the clean energy economy. TCI-P will boost the region’s economy: state revenue, regional GDP, and disposable incomes are all projected to grow under it.
Well-designed carbon pricing programs are the most efficient and cost-effective way to reduce emissions, and a regional program like TCI-P would be a major step towards achieving reductions from our region’s most emissions intensive sector—transportation.
Investment in improving the TCI region’s transportation infrastructure can yield multiple benefits for the economy, our workers, and our customers. In addition to reducing emissions, a cleaner transportation system can facilitate transport of goods and services, drive economic development, improve public health, and stimulate innovation in and deployment of low-carbon transportation technologies.
Posted on June 17, 2021
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
New YorkNew York can curb carbon and grow its economy at the same time. TCI-P puts a price on carbon in the transportation sector and is