The article is available at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1766098. Click on “One Click Download” and follow the simple instructions.
Tuesday, September 13, 2011
USA: Evaluation of "Cash for Clunkers"
A recent article titled: “The 'Cash for Clunkers' Program: A Sustainability Evaluation” describes and evaluates the effectiveness of the US Consumer Assistance to Recycle and Save Act of 2009, also known as the “Cash for Clunkers” legislation. After reviewing various studies assessing the effectiveness of this act, the article identifies five major lessons. These are: (1) the use of environmental protection to achieve economic development; (2) the importance of reliable sustainability indicators; (3) the potential for citizen engagement to drive improvements in energy efficiency and greenhouse gas reductions; (4) the possibility of rapid change toward sustainability; and (5) the key role of financial sustainability.
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