Wiki Wednesday: Funding Green Transportation With CLEAN TEA
The Clean Low-Emissions Affordable New Transportation Equity Act is a bill that sets aside revenue from a cap-and-trade program in a future climate bill towards green transportation projects that reduce greenhouse gases. CLEAN TEA was introduced in the House of Representatives in the 2009 session as H.R. 1329 and in the Senate as S. 575.
Under CLEAN TEA, ten percent of the revenue would be used to create a more efficient transportation system and lower greenhouse gas emissions through strategies including funding new or expanded transit or passenger rail; supporting development around transit stops; and making neighborhoods safer for bikes and pedestrians.
CLEAN TEA is contingent on some pretty big ifs, like whether a cap-and-trade program will make it through Congress. But the Obama administration projects raising $80 billion a year from auctioning off carbon emissions permits, and CLEAN TEA has sponsors from both parties in the House and the Senate, so this is definitely an idea with some momentum.