کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5049922 | 1476383 | 2013 | 8 صفحه PDF | دانلود رایگان |
- “Cash for Clunkers” reduced US greenhouse gas and criteria pollutant emissions.
- The economic benefit of avoided emissions was worth $113Â million.
- Program participants received $2000-$3000 over market value for 'clunkers'.
- Value from rebates and avoided pollutants was concentrated in urban areas.
This research aims to provide a more comprehensive, life cycle accounting of two categories of environmental and economic benefits associated with the $3Â billion US “Cash for Clunkers” vehicle scrappage program. First, using a life cycle emissions methodology developed in Lenski et al. (2010), we find that about 29,000Â metric tons of criteria pollutant emissions were avoided, for a benefit of about $23Â million; avoided carbon dioxide emissions, by comparison, provided a benefit worth $90Â million. Second, we compare the market value of scrapped vehicles to the rebates provided, calculating the consumer surplus or “gift” to participants to be up to $2Â billion (about $2000 to $3000 per vehicle). This is significantly more than offered in previous vehicle scrappage programs, and suggests opportunities to get more environmental and economic “bang for the buck.” Finally, these two categories of benefits are found to be heavily concentrated geographically around urban centers. About 2% of US counties (50 counties) received 50% and 30% of the aggregate benefits from avoided criteria pollutant emissions and consumer surplus from the rebates, respectively.
Journal: Ecological Economics - Volume 96, December 2013, Pages 173-180