Full Title: Managing Investment Revenues and Costs in the Transportation Climate Initiative Region
Author(s): Dallas Burtraw, Maya Domeshek, and Derek Wietelman
Publisher(s): Resources for the Future (RFF)
Publication Date: April 7, 2020
Full Text: Download Resource
Description (excerpt):
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.