The group of over 100 investors, companies, trade associations, institutions and
organizations across the Northeast and Mid-Atlantic region are banding together
to urge lawmakers to support the Transportation and Climate
Initiative (TCI), which aims to
create a clean transportation future that enables economic growth.
TCI is a regional collaboration of 11 Northeast and Mid-Atlantic states —
Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New
Jersey, New York, Pennsylvania, Rhode Island, Vermont, and Virginia —and the
District of Columbia that seeks to improve transportation, develop the clean
energy economy and reduce carbon emissions from the transportation sector. The
initiative is supported by Ceres, Healthcare Without Harm and the
NRDC, to name a few.
TCI is a carbon-pricing system focused on reducing pollution from the transportation sector. In letters sent to the participating
leaders,
the cross-sector coalition of signatories —
including Akamai,
Ben & Jerry’s,
Diageo, DSM, EILEEN
FISHER,
Etsy,
Eversource Energy,
Lime,
The Nature Conservancy, Novartis, State Street, Trillium Asset Management and
Unilever — called
the initiative a “once-in-a-generation opportunity to modernize and decarbonize
our region’s transportation system.”
As the group outlines in the letter:
Corporate political responsibility: Lessons learned in 2024 and support for 2025 and beyond
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"The existing transportation system has a chokehold on our economy and our climate goals. We feel an urgency to create a transportation future that enables economic growth and substantial decarbonization.
"We believe that the policy created through TCI will achieve several of our shared goals
concurrently: mitigate greenhouse gas emissions from transportation; where applicable help meet binding carbon-reduction goals; invest in much-needed public transit, alternative transportation and road infrastructure; make the region more economically competitive; alleviate congestion; provide benefits for rural communities; and generate a revenue stream to fund these and future transportation improvements."
The group’s call to action comes as the 12 jurisdictions that are collaborating
through TCI work to finalize a Memorandum of Understanding (MOU) outlining a
market-based policy to create a clean, equitable and efficient transportation
system for the region. The final MOU is expected later this spring.
Read more about TCI and the supporters rallying behind it here.
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Sustainable Brands Staff
Published Mar 13, 2020 8am EDT / 5am PDT / 12pm GMT / 1pm CET