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3 East Coast states and DC first to participate in TCI-P cap-and-invest program for transportation

Green Car Congress

The governors of Massachusetts, Connecticut, and Rhode Island, and the mayor of the District of Columbia announced that theirs will be the first jurisdictions to launch a new multi-state program that the principals expect will invest some $300 million per year in cleaner transportation choices.

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Governors of 11 Northeast and Mid-Atlantic States Agree to Work Together Toward Reducing Greenhouse Gas Emissions from Fuels; Timeline for Developing a Potential Low Carbon Fuel Standard for Region

Green Car Congress

A LCFS (Low Carbon Fuel Standard) program is a market-based, fuel-neutral program to address the carbon content of fuels. The LCFS would require regional fuel suppliers to demonstrate that the average carbon content of the fuel they deliver is reduced over time. Memorandum of Understanding. Earlier post.).

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

Cantwell said that cap-and-trade had been discredited by the Wall Street crisis, the Enron scandal and the rocky start to a carbon credits trading system in Europe that has been subject to dizzying price fluctuations and widespread fraud. Senators Lindsey Graham (R-S.C.), John Kerry (D-Mass.) and Joseph Lieberman (I-Conn.)

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