The triple challenge for Europe: the economy, climate change and governance

Martin, Ben (2015) The triple challenge for Europe: the economy, climate change and governance. In: The United Nations University – Maastricht Economic and Social Research Institute on Innovation and Technology (UNU-MERIT) - Seminar, 12 Nov 2015, Maastricht, The Netherlands.

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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.

Item Type: Conference or Workshop Item (Paper)
Schools and Departments: School of Business, Management and Economics > SPRU - Science Policy Research Unit
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Depositing User: Stacey Goldup
Date Deposited: 24 Oct 2016 12:59
Last Modified: 24 Oct 2016 12:59
URI: http://sro.sussex.ac.uk/id/eprint/64969
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