The report from the Acadia Center shows that a well-designed transportation cap-and-invest policy could help the state put more than $2.7 billion into clean transportation by 2030, generating more than 23,000 jobs and $7 billion in economic activity.
Like the Regional Greenhouse Gas Initiative that generates funds to reduce carbon emissions from power plants, the Transportation and Climate Initiative (TCI) would auction pollution credits linked to wholesale transportation fuels.
According to Amy McLean Salls, the Acadia Center’s Connecticut director, transportation accounts for 40% of the state’s greenhouse gas emissions.
“By reducing our greenhouse gas emissions and putting money into clean transportation infrastructure, we would be addressing some of the most egregious problems regarding greenhouse gas emissions which have to be reduced for the state to meet its climate goals,” she states.
Read the full article from Public News Service here.