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Western companies could help Chinese businesses take steps to reduce carbon-dioxide emissions, like subsidizing the purchase of more efficient boilers.
A more sensible policy would be based exclusively on gas taxes: they directly confront motorists with increased costs of driving, which not only has an immediate influence in reducing mileage, but also encourages the purchase of more efficient cars.
Other analysts have pointed out that the money some companies use to buy back shares might be better spent on the development of new products or the purchase of more efficient machinery.
AMONG the measures recently proposed in Congress for reviving auto sales in the United States were plans that would offer owners of older cars — vehicles that, in theory at least, gobble gasoline and pour out pollutants — vouchers toward the purchase of more efficient models.
The good news is that there will probably be significant tax credits applied to the purchase of more efficient hardware, and a case can be made for sales of virtualization software.
There are even links to tax credits and rebates to help toward the purchase of more efficient appliances.
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For those living in a rural U.S. community with a lower SES, the release of fugitive emissions into the households may occur more often because of the increased financial burden associated with purchase of more efficient heating stoves or the routine maintenance/inspection necessary to assure adequate ventilation of emissions.
The carbon tax would shift the market toward renewables and other low carbon options, and make the purchase of more fuel-efficient vehicles more economically desirable.
Sales of air conditioners there, boosted by government schemes that also encourage purchase of more efficient models, have rocketed.
Utilities had used the money to conduct "energy audits" showing consumers how to use less power, and to subsidize their purchases of more efficient appliances.
The temporary "cash for clunkers" program would work like this: Owners of vehicles that get less than 18 miles-per-gallon would be able to turn in those cars for $2,500 to $4,500 in credit toward the purchase of a more efficient model.
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