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Green group says scrappage plans are bad business

One of Spain's most important green groups is claiming that scrappage (aka cash for clunkers) schemes, such as the new one in Spain, are bad business. According to Ecologistas en Acción, driving a car is not only bad for the environment, but it's also bad for administrations expecting to reap big paybacks. The ecologists claim that three studies - one in Spain, one in France and one in Germany - state clearly that investing money in mass transit systems returns twice the yield than money invested in private transport, such as cars. These ... Read more →

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