An analysis from the Beacon Hill Institute (BHI) details how the Transportation and Climate Initiative (TCI), a cap-and-trade scheme, would harm Massachusetts residents, especially low-income individuals, in a misguided attempt to decrease global temperatures by an amount so miniscule as to be environmentally meaningless.
TCI, promoted by the Georgetown Climate Center, is based on California’s cap-and-trade program and the Regional Greenhouse Gas Initiative (RGGI) consortium of states in New England and the Northeast, which Massachusetts is already a party to. The purpose of TCI is to reduce carbon dioxide (CO2) emissions from cars and trucks to head off climate change. It does this by placing a cap on gasoline and diesel fuel allowed for sale in the states participating in the program. This increases the price at the pump for these fuels, which will most adversely impact hard-working residents of the Bay State.
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