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...even the most optimistic greens could have predicted that the federal government's cash-for-clunkers program would work this well - more than 240,000 Americans have traded in their clunkers so far, and the program has already burned through its first round of funding. But green groups were a bit wary of cash for clunkers at the outset, concerned that the legislation's requirements on fuel economy were too lax. Under the program, newly purchased passenger cars must have a minimum fuel-economy rating of 22 miles per gallon - hardly superefficient - and they need to be only 4 m.p.g...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...initial data released by Department of Transportation, however, shows that so far cash for clunkers has been a green success. The clunkers averaged 15.8 m.p.g., compared with 25.4 m.p.g. for the new vehicles purchased, for an average fuel-economy increase of 61%. On the whole, American drivers are trading in inefficient trucks and SUVs for much more efficient passenger cars. Car manufacturers like Nissan are already retooling some models to improve their fuel economy so they can qualify for the credits. The early numbers were enough to convince California Senator Dianne Feinstein to go from criticizing cash for clunkers...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...while cash for clunkers has helped out the U.S. auto industry and the environment - two entities that have clearly seen better days - it shouldn't obscure the need for addressing the real green cost of driving: gas prices. It's not the car or truck that adds greenhouse-gas emissions into the atmosphere - it's burning gasoline. There's no denying that it's beneficial for Americans to climb out of their clunkers and into more efficient cars, but what happens if drivers take advantage of the lowered cost of their fuel bill by driving more? The environmental benefits...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...energy transition for poor countries while providing jobs and business opportunities to the United States and Europe, both in desperate need of economic revival. In an era where American manufacturing is on the way out and finance has been rendered incapable of serving as a foundation for our economy, green technology provides an excellent business opportunity for the United States. China has already realized this, and is building the industry at a rapid rate. We can retake the lead by supplying clean energy to much of the developing world, and easing their transition to environmentally-friendly economies. To ensure that...

Author: By Ravi N. Mulani | Title: Forging a Global Climate Deal | 8/4/2009 | See Source »

...bazaar on his side. One of the marches in the weeks after Iran's June election went from Imam Khomeini Square past Tehran's main bazaar. According to a witness, thousands of bazaaris closed their shops so they could stand outside and watch hundreds of thousands of green-clad protesters silently walk by. In fact, the route had been designed to draw Iran's merchants and workers into the growing opposition coalition to make it seem as if it had the support of Iran's commercial sector...

Author: /time Magazine | Title: Iran's Wall Street: Whom Does the Bazaar Back? | 8/3/2009 | See Source »

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