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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. A gallon of gasoline creates roughly 20 pounds of carbon dioxide when combusted. Tags: Fuel Efficiency Policy. However, the. However, the. Christopher Knittel.

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UMD collaborative study finds that fuel efficiency of one car in household may be cancelled out by next car purchase

Green Car Congress

Published in The RAND Journal of Economics and funded by the California Air Resources Board, Archsmith collaborated with Kenneth Gillingham of Yale University, Christopher Knittel of MIT, and David Rapson of the UC Davis Department of Economics to examine vehicle purchasing behaviors using California-based data. —James Archsmith.

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