
Cash for Clunkers and C02 Reduction |
Professor Rick Larrick has become quite well known as an advocate for the gallons per mile standard of fuel efficiency. He’s also been following the Cash for Clunkers program very closely, cautioning that the program’s success as an environmental initiative is contingent on its overall reduction of C02 emissions. Now Larrick has crunched the numbers on the program’s sucess to date, and concludes in a new post on his MPGIllusion blog that the program has been effective in helping the auto industry and in reducing C02 emissions. |

So now the ‘Cash for Clunkers’ program has ended, I think the auto industry will have a turbulent few months. The Australian stimulus is set to continue until Dec