Cash Clunker

At the University of California Energy Institute, Christopher R. Knittel (an associate professor in the UC Davis Department of Economics) has issued a revealing 13-page paper on The Implied Cost of Carbon Dioxide Under the Cash for Clunkers Program. In a nutshell, the analysis suggests that costs per ton of carbon removal exceed $200 – and may even approach $500. Even the minimum figure is more than 10 times the current cost of carbon credits in Europe, indicating that Cash for Clunkers is a grotesquely expensive way to achieve greenhouse gas removal. For a brief discussion of the paper see this article in Science Daily.

Advertisements
Published in: on August 18, 2009 at 4:35 pm  Comments (1)  

The URI to TrackBack this entry is: https://haysvillelibrary.wordpress.com/2009/08/18/cash-clunker/trackback/

RSS feed for comments on this post.

One CommentLeave a comment

  1. […] for Clunkers Update A little over a week ago, in Cash Clunker, we discussed UC Davis Professor Christopher R. Knittel’s assessment of “The Implied Cost […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: