November 13, 2017
In support of states interested in learning more about market-based policy options, the Georgetown Climate Center developed Reducing Transportation Emissions in the Northeast and Mid-Atlantic: Fuel System Considerations to explore technical aspects of a possible regional cap-and-invest policy, as an illustrative example of a market-based approach to a multi-state transportation policy. The paper focuses on two subjects: which fuels might be covered under a policy, and which entities in the transportation fuel supply chain might be responsible for reducing emissions.
The recommendations made in this paper are intended to support robust market-based policies that provide flexibility and enable innovation while achieving region-wide reductions in carbon emissions. Prior analysis detailed the possible net economic and environmental benefits of a possible market-based transportation policy for the TCI region. Complementary financing strategies, incentives and other policies could also promote public and private-sector investments that advance clean transportation markets, reduce carbon pollution, and upgrade the region’s transportation systems.
This paper is a working draft developed by the Georgetown Climate Center with input from external experts. It does not necessarily represent the views of any state officials or expert reviewers.