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🗞️ Driving the news: In California's Pajaro Valley, groundwater is taxed to encourage conservation. This system, prompted by overpumping and saltwater intrusion disasters 40 years ago, charges up to $400 per acre-foot for irrigation water. The fees fund groundwater conservation projects.

🔭 The context: Nationwide, aquifers are depleting due to climate change and overuse. Pajaro Valley's approach, seen as a model by experts, has led to a 20% reduction in groundwater extraction following a 20% price increase 
• The success has attracted global attention, but replicating this model faces challenges due to resistance to taxation and economic implications for farmers.

🌍 Why it matters for the planet: The Pajaro Valley's method addresses the critical issue of groundwater depletion, a key concern for sustainable agriculture and water management 
• Successful conservation efforts in this region demonstrate a viable path for addressing global water scarcity issues

⏭️ What's next: The success in Pajaro Valley may influence other regions, but widespread adoption faces hurdles like political opposition and economic impacts on certain crop types 
• The approach may shift farming practices and affect food prices, highlighting the trade-offs between water conservation and agricultural economics

💬 One quote: “Water can’t be free anywhere," says Soren Bjorn of Driscoll’s, stressing the need for sustainable water pricing globally

📈 One stat: The tax on groundwater in Pajaro Valley generates $12 million annually, funding crucial conservation and recycling projects

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