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08/14/2009

Report indicates Cash for Clunkers is a costly way to reduce carbon emissions.

Category: General

Posted by: admin

Students in the Sustainability Studies Program might want to test their logical thinking skills with this real-world example.  Yes, the federal Cash for Clunkers  program is a way to pump billions of dollars into the economy. By trading in gas guzlers built after 1984 for new ones, the nation's fleet will shift incrementally toward newer, more efficient, safer vehicles.  But now it seems that the program is not an economical way to reduce carbon emissions.  Read the article that tells how a back of the envelope calculation shows that Cash for Clunkers is paying at least 20 times the going rate for a ton of carbon dioxide.

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