Cash for clunkers scheme doesn’t pay its way
21 Aug 2009
Whatever its success in getting new cars off the lots and quickly injecting several billion dollars into the economy, some academics say that the US “cash for clunkers” programme is an expensive way to help the environment.
The popular programme which pays people to get rid of old cars might be costing the government - and taxpayers - several hundred dollars for each tonne of carbon dioxide emissions that it saves.
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