Europe’s nominee to be climate chief surprised car manufacturers last week by saying she thought EU policymakers might have been too soft on them when carbon-capping rules were set in 2008.
Global News Journal
Germany‘s “cash-for-clunkers” scheme expired on Wednesday with a last-minute surge in demand a full three weeks before the Sept. 27 election and much faster than anyone thought possible. The government’s 5-billion euro incentive programme has led to the purchase of 2 million new cars in the last eight months, according to the website of the Federal Office of Economics and Export Control that has been keeping a live update of how much money was still available. New car registrations are up about 30 percent this year — in the middle of the country’s worst post-war recession. By any measure the “Abrwackpraemie” (car junking bonus), as the Germans informally referred to the government’s more official “Unweltpraemie” (environment bonus), that offered new car buyers 2,500 euros for scrapping their older vehicles has been a great success story — a textbook example of pump priming that would make have made Franklin D. Roosevelt proud.