Featured Research

from universities, journals, and other organizations

'Cash For Clunkers' Program Is Expensive Way To Cut Carbon Emissions, Expert Argues

Date:
August 15, 2009
Source:
University of California - Davis
Summary:
New estimates say the federal government's "Cash for Clunkers" program is paying at least 10 times the "sticker price" to reduce emissions of the greenhouse gas carbon dioxide.

New UC Davis estimates say the federal government's "Cash for Clunkers" program is paying at least 10 times the "sticker price" to reduce emissions of the greenhouse gas carbon dioxide.

Related Articles


While carbon credits are projected to sell in the U.S. for about $28 per ton (today's price in Europe was $20), even the best-case calculation of the cost of the clunkers rebate is $237 per ton, said UC Davis transportation economist Christopher Knittel.

"When burned, a gallon of gasoline creates roughly 20 pounds of carbon dioxide. I combined that known value with an average rebate of $4,200 and a range of assumptions about the fuel economy of the new vehicles purchased and how long the clunkers would have been on the road if not for the program," Knittel said. "I even assumed drivers didn't change their habits, although some analysts have suggested that the owners of new vehicles will drive more than they would have with their old cars.

"In the end, the lowest cost to remove one ton of carbon from the environment was $237. More likely scenarios produced a cost of more than $500 per ton, even when we accounted for reductions in pollutants other than greenhouse gases. That suggests the Cash for Clunkers program is an expensive way to reduce carbon."

Knittel did not analyze the program's other key objectives: stimulating the economy and providing relief for automobile manufacturers.

Knittel is an associate professor and chancellor's fellow in the UC Davis Department of Economics, a faculty associate at the UC Davis Institute of Transportation Studies, and the policy and business strategy leader of the Sustainable Transportation Energy Pathways Program at UC Davis.

His analysis, titled "The Implied Cost of Carbon Dioxide Under the Cash for Clunkers Program," was published online by the University of California Energy Institute. It was funded by the Energy Institute and the Institute of Transportation Studies.

On the web:

University of California Energy Institute -- http://www.ucei.berkeley.edu/


Story Source:

The above story is based on materials provided by University of California - Davis. Note: Materials may be edited for content and length.


Cite This Page:

University of California - Davis. "'Cash For Clunkers' Program Is Expensive Way To Cut Carbon Emissions, Expert Argues." ScienceDaily. ScienceDaily, 15 August 2009. <www.sciencedaily.com/releases/2009/08/090814100109.htm>.
University of California - Davis. (2009, August 15). 'Cash For Clunkers' Program Is Expensive Way To Cut Carbon Emissions, Expert Argues. ScienceDaily. Retrieved November 28, 2014 from www.sciencedaily.com/releases/2009/08/090814100109.htm
University of California - Davis. "'Cash For Clunkers' Program Is Expensive Way To Cut Carbon Emissions, Expert Argues." ScienceDaily. www.sciencedaily.com/releases/2009/08/090814100109.htm (accessed November 28, 2014).

Share This


More From ScienceDaily



More Matter & Energy News

Friday, November 28, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

NASA's First 3-D Printer In Space Creates Its First Object

NASA's First 3-D Printer In Space Creates Its First Object

Newsy (Nov. 26, 2014) The International Space Station is now using a proof-of-concept 3D printer to test additive printing in a weightless, isolated environment. Video provided by Newsy
Powered by NewsLook.com
Bolivian Recycling Initiative Turns Plastic Waste Into School Furniture

Bolivian Recycling Initiative Turns Plastic Waste Into School Furniture

Reuters - Innovations Video Online (Nov. 26, 2014) Innovative recycling project in La Paz separates city waste and converts plastic garbage into school furniture made from 'plastiwood'. Tara Cleary reports. Video provided by Reuters
Powered by NewsLook.com
Blu-Ray Discs Getting Second Run As Solar Panels

Blu-Ray Discs Getting Second Run As Solar Panels

Newsy (Nov. 26, 2014) Researchers at Northwestern University are repurposing Blu-ray movies for better solar panel technology thanks to the discs' internal structures. Video provided by Newsy
Powered by NewsLook.com
Today's Prostheses Are More Capable Than Ever

Today's Prostheses Are More Capable Than Ever

Newsy (Nov. 26, 2014) Advances in prosthetics are making replacement body parts stronger and more lifelike than they’ve ever been. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:

Strange & Offbeat Stories


Space & Time

Matter & Energy

Computers & Math

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins