From the T4America newsletter:
With the Senate Environment and Public Works Committee expected to release their version of the climate bill tomorrow, we’re all anxiously waiting to see what the bill will do to reduce emissions from transportation. The U.S. transportation sector produces one-third of our carbon emissions, yet the House’s version of the climate bill allocated only an optional one percent of cap-and-trade revenues to cleaner transportation options that can help us cut transportation emissions.
Will the Senate bill be better? We think so, but the Reason Foundation, a free-market think tank, wrote that it should be if we’re going to seriously tackle transportation emissions:
The funding allocations are not expected to be released until closer to the committee markup date. This could well be another contentious issue. For the transportation sector to play a greater role in reducing emissions and fuel consumption, the Senate bill will need to dedicate far more than 1% of its revenues to advance clean transportation projects.