A group of Northeast and mid-Atlantic states are inching toward a regional climate pact that’s aimed at reducing emissions and easing traffic congestion, but could ultimately increase prices at the gas pumps.
Modeled on the Regional Greenhouse Gas Initiative, which has reduced emissions from power plants, the Transportation and Climate Initiative would create a cap-and-invest program to drive down emissions from cars and trucks, which contribute to about 40% of regional greenhouse gas emissions scientists say contribute to a warmer planet.
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