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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 credit trading system will provide opportunities to control costs by allowing a supplier to purchase credits from low carbon fuels and average them with higher carbon fuels delivered to customers. The LCFS would require regional fuel suppliers to demonstrate that the average carbon content of the fuel they deliver is reduced over time.

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

Green Car Congress

It covers ten Northeastern and Mid-Atlantic states (Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont). If they don’t have enough allowances to cover their emissions they must purchase more or face a penalty.

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