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Consumer Financial Gain From Clean Car Standard

Posted : Mon, 27 Oct 2008 16:32:54 GMT
Author : Consumer Federation of America
Category : Press Release
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Consumer Group To Testify at Florida's final hearing WASHINGTON, Oct 27
WASHINGTON, Oct 27 /PRNewswire/ -- Today, the Consumer Federation of America (CFA) released an analysis of the benefits to Florida consumers of adopting the California Clean Car Standard that will be filed on behalf of the Florida Consumer Action Network (FCAN) with the Environmental Regulation Commission (ERC). The report finds that Floridians will save more money on a monthly basis under the proposed standard than they can if the standard is not enacted.
On Wednesday, October 29, CFA Director of Research Mark Cooper will testify and submit the report for the record at Florida's Environmental Regulation Commission final hearing on the Clean Car Standard. If the Commission fails to vote at this hearing, the proposal to enact the standard may expire. Consumer groups will press the Commission to approve the standard.
"As financial markets roil and consumers scramble to protect their savings, Florida can help by passing the Clean Car Standard," said Cooper. "Our analysis shows that the standard will provide consumers with short term and long term financial protection."
"Under the Clean Car Standard, consumers have money to spend instate rather than shipping our dollars overseas," commented Bill Newton, Executive Director of Florida Consumer Action Network (FCAN). "This helps to grow jobs and our economy, which in turn benefits the consumer."
CFA's extensive analysis of the Clean Cars program concludes that the standard currently under consideration in Florida is in the consumer interest. The report finds that consumers who purchase vehicles that are compliant with the standard spend less on gasoline on a monthly basis than the increase in their monthly auto loan payment. This direct, short-term consumer pocketbook test alone justifies ERC ratification of the standard.
The report also finds that the Clean Car standard serves the long-term consumer interest because reduced gasoline consumption reduces the vulnerability of the economy to price shocks, enhances national security and improves public health and the environment. Many of the societal costs of burning fossil fuels result in societal expenditures, which are paid for by taxes. Over the long-term, consumers bear the costs of a wide range of expenditures from the military costs to protect the flow of oil to the public health costs that result from vehicle emissions.
"US scientists agree that if we do not reduce global warming emissions we can expect more violent weather, hotter temperatures and rising sea levels," Cooper added, "clearly, Florida is more vulnerable than most."
"Florida needs to be a leader in responding to the challenge of climate change," Newton concluded. "The Governor supports the rule and the DEP has found it is in the public interest; the Environmental Regulation Commission needs to approve it so the legislature can take it up and the state can get started on this important task."
CFA is a national non-profit group that seeks to advance the consumer interest through research, education, and advocacy. Founded in 1968, the federation has more than 300 organizational members.
FCAN is Florida's largest consumer group with members from Key West to Tallahassee. FCAN works on issues including energy, insurance, and environment.

CFA report can be found at
http://cyberlaw.stanford.edu/system/files/FloridaCleanCarsfiling.pdf

SOURCE Consumer Federation of America

Copyright © 2008 PR Newswire. All rights reserved.




Article : Consumer Financial Gain From Clean Car Standard
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