The Triple Challenge for Europe: The Economy, Climate Change and Governance

Jan Fagerberg, Staffan Laestadius () and Ben Martin
Additional contact information
Staffan Laestadius: Royal Institute of Technology (KTH)

SPRU Working Paper Series from SPRU - Science Policy Research Unit, University of Sussex Business School

Abstract: Europe is confronted by an intimidating triple challenge – economic stagnation, climate change, and a governance crisis. This paper demonstrates how the three challenges are closely inter-related, and discusses how they can be dealt with more effectively in order to arrive at a more economically secure, environmentally sustainable and well governed Europe. In particular, a return to economic growth cannot come at the expense of greater risk of irreversible climate change. Instead, what is required is a fundamental transformation of the economy to a new ‘green’ trajectory based on rapidly diminishing emission of greenhouse gases. This entails much greater emphasis on innovation in all its forms (not just technological). Following this path would mean turning Europe into a veritable laboratory for sustainable growth, environmentally as well as socially. The paper is based on a forthcoming book: Fagerberg, J., S. Laestadius and B. R. Martin eds. (2015) The Triple Challenge for Europe: Economic Development, Climate Change and Governance, Oxford University Press.

Keywords: Europe; European Union; triple challenge; economic stagnation; climate change; governance crisis; innovation policy; transformation process (search for similar items in EconPapers)
Date: 2016-09
New Economics Papers: this item is included in nep-ene, nep-env and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
https://www.sussex.ac.uk/webteam/gateway/file.php? ... rg-et-al.pdf&site=25 (application/pdf)

Related works:
Journal Article: The Triple Challenge for Europe: The Economy, Climate Change, and Governance (2016)
Working Paper: The Triple Challenge for Europe: The Economy, Climate Change and Governance (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sru:ssewps:2016-18

Access Statistics for this paper

More papers in SPRU Working Paper Series from SPRU - Science Policy Research Unit, University of Sussex Business School Contact information at EDIRC.
Bibliographic data for series maintained by University of Sussex Business School Communications Team ().