Managing Investment Revenues and Costs in the Transportation Climate Initiative Region
Allowance price and revenue variability could pose a challenge for the investment of auction proceeds to modernize transportation infrastructure in the Transportation Climate Initiative (TCI). A price staircase could stabilize revenues and automatically increase the stringency of the program if costs are lower than expected.
Dallas Burtraw, Maya Domeshek, and Derek Wietelman
1 minute read —
April 7, 2020