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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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ITF: worldwide transport activity to double by 2050, emissions to rise 16% compared to 2015

Green Car Congress

Emissions would exceed transport’s carbon budget more than three times. However, transport CO 2 emissions could be cut by almost 70% over the 2015-50 period with the right policies, the ITF said. Gearing stimulus packages towards decarbonization. Transport decarbonisation is inseparable from developments in other sectors.