July 23, 2018
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 was 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. First published November 12, 2017, this paper was updated July 2018 to include new data and analysis.