The so-called Transportation Climate Initiative (TCI) is a type of cap-and-trade (or cap-and-invest) program that will place a limit on transportation fuel emissions and require fuel distributors to purchase allowances at auction to exceed the cap. Connecticut expects to collect about $1 billion from TCI over a 10-year period, including $89 million in the first year, according to the Department of Energy and Environmental Protection, which said the program would reduce transportation emissions in the state by at least 26% over a decade. TCI has been in the works for a similar amount of time, with discussions involving 11 eastern U.S. states and Washington, D.C. In a statement, Lamont said the revenue from the TCI program will be a boost for the state’s economy, in addition to improving the environment. A recent poll of eastern U.S. states found that 70% of voters support the program.
https://www.hartfordbusiness.com/article/ct-commits-to-transportation-cap-and-trade-program?utm_source=Newsletter&utm_medium=email&utm_content=Cap-and-Trade+Deal+%7C+Moderna+Arrives&utm_campaign=HBJ+Today+122120+Final