Global News Journal

Driving carmakers to distraction over emissions

January 20, 2010

car emissionsEurope’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.

German ‘cash for clunkers’ out of gas just before vote

September 2, 2009
  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.    

Everybody’s doing it

February 10, 2009

Few politicians so far are calling for protectionism.

Among economic and diplomatic policy-makers, openly advocating protectionism is about as socially acceptable as promoting child pornography.