Avoid and Reward Act for the Transportation Industry
The Dandy Horse, Inc.
Municipalities' transportation equality, Cap & Trade ESG Healthcare & wellness. Tracking Carbon Avoidance by Bicycle.
Which Senator or Congress member will be the first?
Bill No. [###]
Introduced by: [Congress Member's Name] Co-Sponsors: [List of Co-sponsors] Date: [Date of Introduction]
Purpose:
The Avoid and Reward Act seeks to incentivize the transportation industry to reduce carbon emissions by promoting bicycle commuting, providing underserved communities with access to bicycles, and establishing a system that rewards transportation companies through the sale of carbon avoidance credits. The goal is to foster environmentally friendly transportation alternatives, reduce CO2 emissions, and enhance bicycle infrastructure across municipalities.
Findings:
Section 1: Establishment of the Avoid and Reward Program
1.1 Program Overview The Avoid and Reward Program will allow transportation companies to contribute funds to municipalities to provide free bicycles to underserved communities. These bicycles must be used specifically for bicycle commuting.
1.2 Responsibilities of Transportation Companies Transportation companies choosing to participate in the program will:
Section 2: Verification and Technology Requirements
2.1 Use of Verified Technologies Bicycle commuters provided bicycles under this program must utilize technologies that track and verify their commuting miles. VIDAT or similar systems will be used to collect real-time data on commuter miles, ensuring transparency and accuracy in carbon savings calculations.
2.2 Employer Accountability Employers will be responsible for:
2.3 Quarterly Carbon Savings Calculation Carbon avoidance savings will be calculated on a quarterly basis, based on the verified miles cycled by employees. The amount of CO2 avoided will be quantified based on the delta between bicycle commuting emissions (34 grams of CO2 per mile) and the average emissions of alternative transportation modes.
Section 3: Conversion of Carbon Savings into Carbon Credits
3.1 Carbon Avoidance Credits The verified carbon avoidance savings will be converted into Carbon Credits on a quarterly basis.
3.2 Sale of Carbon Credits The generated carbon credits will be sold on an established carbon exchange. Revenues from the sale will be distributed as follows:
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Section 4: Program Eligibility and Oversight
4.1 Eligibility Criteria for Transportation Companies To participate in the Avoid and Reward Program, transportation companies must:
4.2 Eligibility Criteria for Municipalities Municipalities must:
4.3 Program Oversight The program will be overseen by the Department of Transportation (DOT) in coordination with the Environmental Protection Agency (EPA). These agencies will ensure that:
Section 5: Reporting and Accountability
5.1 Annual Reporting Requirements Municipalities and transportation companies participating in the program must submit annual reports to the Department of Transportation detailing:
Section 6: Funding and Tax Incentives
6.1 Funding Mechanisms Funding for the purchase of bicycles and initial infrastructure development will come from contributions by transportation companies. These companies may also receive tax incentives for their participation in the program.
6.2 Tax Incentives for Employers Employers who provide secure storage and encourage bicycle commuting through the Bicycle Commuter Act may qualify for tax deductions related to their infrastructure investments.
Section 7: Effective Date
This Act shall take effect 180 days after its passage.
Conclusion:
The Avoid and Reward Act will provide a forward-thinking solution to transportation emissions by promoting bicycle commuting, especially in underserved communities. Through a system of carbon avoidance credits, transportation companies will be reimbursed for their investments, while municipalities benefit from long-term improvements to cycling infrastructure, all contributing to national goals for carbon reduction and sustainable transportation.
Sponsor: [Name of Sponsor] Co-Sponsors: [List of Co-Sponsors] Date of Introduction: [Date]
Suggested by Mark Kabbash for The Dandy Horse, Inc.
Monetizes miles ridden on a bike. Empirical data for sustainability, Healthcare, Proptech, #CAV. Qualifies the delta of employees' Internal Combustion Engine Emission and Bicycle Commute #VIDAT
4 个月Summary: Economic Benefits of Bicycle Commuting in the Avoid and Reward Act The Avoid and Reward Act promotes bicycle commuting as an eco-friendly transportation alternative, especially in underserved communities, leading to multiple economic benefits: Cost Savings: Families save on fuel and vehicle maintenance, freeing up resources for essential needs like education and healthcare. Infrastructure Investment: Mandated investments in bicycle infrastructure create safer commuting paths while generating jobs in construction, boosting local economic growth. Increased Economic Activity: Local businesses benefit from increased foot traffic due to improved bicycle accessibility, enhancing sales and supporting entrepreneurship. Job Creation: Bicycle provision and repair programs create employment and skill-building opportunities, addressing both transportation and unemployment issues in underserved communities. Community Engagement: Bicycle commuting promotes community events and charity initiatives, fostering unity and financial support for local causes. Health and Productivity: Healthier lifestyles reduce healthcare costs, improving workforce productivity and contributing to the local economy.