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The effects of the climate crisis are worsening water shortages, not only in the Global South but also in Europe, for … regulatory instruments, water overuse is occurring in some regions of Germany. Overuse is especially an issue for industry, which … has contractually secured high volumes of water withdrawals at very low cost. In addition, there is extensive water …
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This paper empirically studies how emission pricing affects capital replacement and adoption of embodied environmental technology. A pricing policy encourages firms to accelerate retirement of old capital assets and replace them with newer more efficient assets, but this may crowd out...
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