article thumbnail

European automotive sector calls for vehicle renewal incentives to kickstart economic recovery after COVID-19; 25-point action plan

Green Car Congress

The response to COVID-19 is having a major impact on the economy, with retail and manufacturing activity crippled without precedence and concerns mounting on consumer sentiment. Demand stimulus will boost the utilization of our manufacturing capacity, safeguarding jobs and investments.

Renewable 207
article thumbnail

Brookings analysts recommend against repeating cash for clunkers program in future recession

Green Car Congress

jobs for each million dollars of program costs) than other fiscal stimulus programs, such as increasing unemployment aid, reducing employers’ and employees'' payroll taxes, or allowing the expensing of investment costs. After the “clunker” was traded in, its engine was destroyed. miles per gallon (9.4 l/100 km), compared to the 15.8

article thumbnail

Study Finds Global CO2 Emissions Dropped 1.3% in 2009; Emissions in China and India Rose 9% and 6%

Green Car Congress

The decrease in emissions follow the decrease in the global economy. Although the stimulus package from the Chinese government in 2008 was said to have a green focus, even construction of windmills is a relatively emission intensive activity, at least in the short run Peters said. Resources. Environ.

article thumbnail

Study Concludes Cash for Clunkers Program Is an Expensive Way to Reduce Carbon; Paying Nearly 10x the Projected Price of Carbon Credits

Green Car Congress

The federal government’s Cash for Clunkers aims to stimulate the economy, provide relief for automobile manufacturers and reduce greenhouse gas emissions. Knittel did not analyze the program’s other key objectives: stimulating the economy and providing relief for automobile manufacturers. However, the. pollutants.I Christopher R.

article thumbnail

California ARB Begins Process to Revise Diesel Control Regulations

Green Car Congress

The California Air Resources Board began the formal process to revise its strategy for the clean-up of on- and off-road diesel engines by directing staff to return in September with specific proposals to provide additional flexibility. We are committed to taking those impacts into consideration for our diesel clean-up program.

Diesel 223
article thumbnail

3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

Green Car Congress

The problem is that, unlike many other industries, resource extraction is extremely volatile, with supply responses very delayed. Also, crude at $50, as opposed to $30, can provide a bit of inflation to the deflation-beset economies in Europe and Japan. The price acts as a self-correcting mechanism.

Oil 150
article thumbnail

ADB Study Finds Annual Economic Losses in Southeast Asia from Climate Change Could be More Than Twice the Global Average

Green Car Congress

If Southeast Asian nations delay action on climate change, their economies and people will ultimately suffer. Ursula Schaefer-Preuss, Vice-President for Knowledge Management and Sustainable Development. The Economics of Climate Change in Southeast Asia: A Regional Review.