Governors of 11 Northeast and Mid-Atlantic States Agree to Work Together Toward Reducing Greenhouse Gas Emissions from Fuels
Governors of 11 Northeast and Mid-Atlantic states today took the next step toward developing a regional Low Carbon Fuel Standard (LCFS) by signing a Memorandum of Understanding that commits their states to continued participation in a regional effort to reduce greenhouse gas emissions from fuels for vehicles and other uses.
A LCFS program is a market-based, fuel-neutral program to address the carbon content of fuels. If adopted by states, it would apply to the transportation sector, and potentially to fuels used for heating buildings. A regional LCFS has the potential to reduce transportation-related greenhouse gas emissions, which represent approximately 30 percent of emissions in the region, reduce regional vulnerability to petroleum price volatility, and facilitate the long-term transition from petroleum-based fuels in the transportation sector. In addition, a LCFS is anticipated to spur economic growth related to development of advanced technologies and green energy jobs.
… The Memorandum of Understanding establishes a process to develop a regional framework by 2011, and examine the economic impacts of a LCFS program. The states have committed to including strong business, energy and environmental stakeholder involvement in the process by providing opportunities for input and review of any proposed LCFS program.
Signing the Memorandum of Understanding were the Governors from Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont. READ MORE Download MOU
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