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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. Conservative estimates resulted in an implied carbon cost exceeding $365 per ton, and more likely scenarios produced a cost of more than $500 per ton. However, the. However, the.

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Study finds global oil demand likely to grow despite pandemic, climate policies

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Columbia University’s Center on Global Energy Policy and the University of California, Davis Institute of Transportation Studies analyzed four scenarios to understand how COVID-19 and other political, economic, social and technological drivers may impact transportation activity and global oil demand.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

ACORE is an organization of member companies and institutions that are dedicated to moving renewable energy into the mainstream of America’s economy. As another panelist pointed out, “ The New York Times is well-equipped to write the article about how Stimulus Funds have been wasted ”. Billion vs. $28.3 Billion in 2008).

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Has the cash for clunkers scheme failed? The Green Piece

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per cent in July suggesting that American consumers are still nervous about their jobs and the economy. However, its overall merits are open for debate after a study by UC Davis transportation economist Christopher Knittel questioned the implied costs of reducing greenhouse gas emissions. So is this scheme green at all?