Dozen states look at cap-and-trade to aid transportation

Due to a continued lack of federal activity to aid states with road, bridge, and transit funding, elected officials from coast to coast are working to find solutions to reduce funding gaps. What amounts to a cap-and-trade plan is one solution being considered.

Governors in the Northeast and Mid-Atlantic U.S. are working together to come up with a plan to bolster transportation funding. The group, titled the Transportation and Climate Initiative, is made up of eight Democratic and four Republican governors.

The study is looking at all truck, rail, air and ship movement through the region.

Among the options being considered by 12 states stretching from Maine to Delaware is a regional fuel tax to aid mass transit projects. The dozen states and the District of Columbia are considering a plan to gradually reduce emissions over a 10-year period.