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
AUGUST 14, 2009
The federal government’s Cash for Clunkers aims to stimulate the economy, provide relief for automobile manufacturers and reduce greenhouse gas emissions. do not discuss the merits of the program in terms of stimulus. A gallon of gasoline creates roughly 20 pounds of carbon dioxide when combusted. However, the.
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