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Japan has decided to end a government subsidy program to encourage purchases of environmentally friendly cars as funds dwindle. According to the Ministry of Economy, Trade and Industry, the government only has ¥2.5 billion (US$32 million) left of the ¥274.7 billion (US$3.5 billion) allocated for the program.
If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the greencar race (see article ). “I
In the future, emission laws from the various countries will become more harmonised and with a global technology platform in place, it is hoped that the Volvo Group will be able to generate economies of scale in research and development, as well as purchasing and production.
Meanwhile Mr Crossley also called into question the belief that the scheme would reduce emissions and benefit the British car production: “This is not a strong environmental measure. While new cars have lower emissions per mile, they may be driven more and there are environmental costs associated with their production.
per cent in July suggesting that American consumers are still nervous about their jobs and the economy. According to Knittel the results suggest that the programme is an expensive way to reduce carbon, although he does state that it is possible the stimulus benefits outweigh added environmental costs. So is this scheme green at all?
In the recent fiscal stimulus 18 times more was spent on the VAT cut, than on bringing forward transport investment projects, which create jobs, boost the UK’s economic competitiveness and cut congestion. This fund would keep UK cities’ moving and help shift the national economy towards recovery.&#.
GreenCar Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). How does the US deal with local and state economies with high carbon economies and little renewable resources?
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