While the Northeast region struggles to make significant progress in reducing pollution from transportation, our neighbors and allies in California and Canada are investing billions of dollars in clean mobility solutions thanks to their successful implementation of a cap and invest program covering transportation emissions.
Today California finalized its plan to invest over $2 billion over the next year on initiatives designed to reduce our use of oil and pollution from transportation. These investments will make it easier for California residents to purchase an electric vehicle, or to save money by trading in an old gas guzzling car for an efficient conventional vehicle or hybrid. They will improve public transportation services, both in California’s big cities and its small towns and rural counties. They will provide more affordable housing in communities near public transportation. And they will create jobs, reduce emissions, and save consumers money.
Meanwhile, our neighbors in Ontario and Quebec are projected to spend $2.1 and $1.9 billion respectively on clean transportation programs by 2020.
These jurisdictions are making investments on a far greater scale than anything currently happening in any state in the Northeast. They are able to do so because unlike the Northeast, California, Ontario, and Quebec have enacted a comprehensive climate policy that establishes enforceable limits on pollution from transportation, holds polluters accountable for their emissions, and provides a dedicated funding source for clean transportation investments.
This policy, known as “cap and trade” but which could be more accurately called “cap and invest”, is run through the increasingly misnamed “Western” Climate Initiative (or WCI), an international carbon market that now limits emissions in a region covering over 60 million people in the United States and…