"A coalition of twelve mid-Atlantic and Northeastern states and the District of Columbia on Tuesday released a draft plan for an ambitious cap-and-trade program to curb tailpipe emissions from cars, trucks and other forms of transportation, tackling what has fast become the largest source of planet-warming gases.
More than a fifth of the United States population would be affected by the plan, which sets a cap, to be lowered over time, on the total amount of carbon dioxide that can be released from vehicles that use transportation fuels, like gasoline and diesel fuel.
Under the program, which could start as early as 2022, fuel companies would buy allowances from the states, either directly or on a secondary market, for every ton of carbon dioxide their fuel will produce. The states then put the proceeds toward efforts to reduce carbon emissions from transportation, including investment in trains, buses, and electric-vehicle charging infrastructure."
Hiroko Tabuchi reports for the New York Times December 17, 2019.
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