Twelve northeast and mid-Atlantic states and the District of Columbia are participating in the Transportation Climate Initiative (TCI), a regional transportation effort to coordinate investment in cleaner transportation and infrastructure. One expected element of the program is a price on carbon emissions from transportation to be implemented through emissions cap and trade. Emissions allowances would be distributed initially through an auction and subsequently could be traded in a secondary carbon market to ensure emissions reductions are achieved at the least possible cost. The auction could yield billions of dollars for investment to modernize transportation infrastructure.
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/managing-investment-revenues-and-costs-transportation-climate-initiative-region
[2] http://www.indiaenvironmentportal.org.in/files/file/Managing-Investment-Revenues-and-Costs-in-the-Transportation-ClimateInitiativeRegion.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/resources-future
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-dioxide
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cap-and-trade
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/colombia
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/transport