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...

This first edition of Environmental signals marks the beginning of a new period in reporting on the environment for policy-makers and the public by the European Environment Agency. Previous reports such as Europe's environment: the second assessment and Environment in the European Union at the...