Nine states and DC agree to create cap-and-trade program for transportation

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Nine Northeastern states and Washington, D.C., announced Tuesday that they will attempt to create a regional cap-and-trade program to limit emissions from transportation, the nation’s largest source of carbon pollution.

The partners agreed to create a system within a year that caps the region’s transportation emissions and sets up a market of pollution permits so entities can trade in auctions for the right to emit carbon.

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