A group of 12 northeastern states and Washington, DC have banded together to create a plan to curb tailpipe emissions from cars, trucks, SUVs and buses, taking on an environmental scourge that is the largest form of greenhouse gas emissions, according to The New York Times . The ambitious cap-and-trade plan covers nearly 20 percent of the U.S. population and 52 million registered vehicles from Maine to Virginia. The plan, called the Transportation and Climate Initiative (TCI), would gradually lower the cap on permissible tailpipe emissions from gasoline and diesel-powered engines. It would also invest proceeds from the plan in "cleaner, more resilient, and more equitable low-carbon transportation system," according to the proposal . While the proposal has been more than a year in the making, the release of the draft plan provided the first clear indication of what the TCI will mean for motorists. The cap-and-trade program could raise the price of gasoline as much as 17 cents per gallon, as The Boston Globe reported. If the states involved adopt the policy, the program could start as early as 2022. The way it works is fuel companies will have to buy allowances from the states for every ton […]

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