Gov. Ned Lamont promised Wednesday that increases in gasoline prices will not exceed a nickel a gallon in 2023 or 10 cents a gallon by the end of 2023, under the state’s participation in a regional climate consortium, as part of Connecticut’s multi-prong effort to mitigate the effects of climate change. During a virtual news conference with reporters, Lamont and Department of Energy and Environmental Protection Commissioner Katie Dykes defended Connecticut’s participation with Washington, D.C., Massachusetts and Rhode Island in the regional Transportation Climate Initiative (TCI) as a way to reduce carbon emissions, slow climate change and encourage non-polluting transportation alternatives. The billion dollars raised through a cap-and-trade system, similar to the Regional Greenhouse Gas Initiative, would be invested in public-health and economic-development benefits, Dykes said. A so-called cost-containment reserve would give the state options to hold the line at a 9-cents increase.
https://www.ctpost.com/news/article/Lamont-promises-climate-commitment-won-t-cost-15957614.php