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The Triple Challenge for Europe: Economic Development, Climate Change, and Governance


  • Fagerberg, Jan
    (University of Oslo, Aalborg University, and Lund University)

  • Laestadius, Staffan
    (Royal Institute of Technology, Stockholm)

  • Martin, Ben R.
    (University of Sussex)


Europe is confronted by an intimidating triple challenge - economic stagnation, climate change, and a governance crisis. This book demonstrates how these three challenges are closely inter-related. A return to economic growth cannot come at the expense of greater risk of irreversible climate change. Instead, what is required is a reconceptualization of what is intended by 'economic development' and a fundamental transformation of the economy to a new 'green' trajectory, based on rapidly diminishing emission of greenhouse gases. This entails a much greater emphasis on innovation in all its forms - not just technological. Innovation policy must be placed at the very heart of industrial policy and indeed of economic policy more broadly. Other parts of the world are also facing varying forms of the triple challenge, and while the governance challenge may not be exactly the same as for Europe and the EU, Europe is uniquely placed to take the lead in addressing the triple challenge. While this may well entail certain costs in the short term, it will undoubtedly bring considerable benefits in the longer term. It should also encourage countries in other parts of the world to follow Europe's lead in this transformation process, thereby ensuring that climate change is kept within manageable bounds. Addressing the triple challenge would thus provide Europe and its citizens with a new sense of purpose, revitalizing the EU and 'the European project' over the decades to come. Contributors to this volume - Iain Begg, Professorial Research Fellow at the European Institute, London School of Economics and Political Science. Jan Fagerberg, Professor at the University of Oslo and Alborg University Frank W. Geels, Pofessor of System Innovation and Sustainability at the Sustainable Consumption Institute, The University of Manchester Staffan Jacobsson, Professor in Environmental System Analysis, Energy and Environment, Chalmers University of Technology Staffan Laestadius, Professor of Industrial Dynamics, KTH Royal Institute of Technology, Stockholm Michael A. Landesmann, Scientific Director of wiiw and Professor of Economics at the Johannes Kepler University Volkmar Lauber, was Professor of Comparative Politics at the University of Salzburg Rasmus Lema, Assistant Professor, Aalborg University Ben R. Martin, Professor of Science and Technology Policy Studies in SPRU, University of Sussex Mariana Mazzucato, Professor of Economics of Innovation at SPRU, University of Sussex. Carlota Perez, Researcher, Professor of Technology and Development, London School of Economics and Political Science. Hubert Schmitz, Professorial Fellow, Institute of Development Studies Bart Verspagen, Director of UNU-MERIT and Director-Dean of the Maastricht Graduate School of Governance at Maastricht University.

Suggested Citation

  • Fagerberg, Jan & Laestadius, Staffan & Martin, Ben R. (ed.), 2015. "The Triple Challenge for Europe: Economic Development, Climate Change, and Governance," OUP Catalogue, Oxford University Press, number 9780198747413.
  • Handle: RePEc:oxp:obooks:9780198747413

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    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Jan Fagerberg & Martin Srholec, 2017. "Global Dynamics, Capabilities and the Crisis," Economic Complexity and Evolution, in: Andreas Pyka & Uwe Cantner (ed.), Foundations of Economic Change, pages 83-106, Springer.
    2. Ben R. Martin, 2016. "Twenty challenges for innovation studies," Science and Public Policy, Oxford University Press, vol. 43(3), pages 432-450.
    3. Jakob Edler & Jan Fagerberg, 2017. "Innovation policy: what, why, and how," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(1), pages 2-23.
    4. Jan Fagerberg & Bart Verspagen, 2020. "Technological Revolutions, Structural Change & Catching-Up," Working Papers on Innovation Studies 20200423, Centre for Technology, Innovation and Culture, University of Oslo.
    5. Mariana Mazzucato, 2018. "Mission-oriented innovation policies: challenges and opportunities," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(5), pages 803-815.
    6. Jan Fagerberg & Staffan Laestadius & Ben R. Martin, 2016. "The Triple Challenge for Europe: The Economy, Climate Change, and Governance," Challenge, Taylor & Francis Journals, vol. 59(3), pages 178-204, May.
    7. Malhotra, Abhishek & Schmidt, Tobias S. & Huenteler, Joern, 2019. "The role of inter-sectoral learning in knowledge development and diffusion: Case studies on three clean energy technologies," Technological Forecasting and Social Change, Elsevier, vol. 146(C), pages 464-487.
    8. Vincent Van Roy & Daniel Vertesy & Marco Vivarelli, 2015. "The Employment Impact of Innovation: Evidence from European Patenting Companies," DISCE - Quaderni del Dipartimento di Politica Economica ispe0075, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    9. Renn, Ortwin & Marshall, Jonathan Paul, 2016. "Coal, nuclear and renewable energy policies in Germany: From the 1950s to the “Energiewende”," Energy Policy, Elsevier, vol. 99(C), pages 224-232.
    10. Van Roy, Vincent & Vertesy, Daniel & Vivarelli, Marco, 2015. "Innovation and Employment in Patenting Firms: Empirical Evidence from Europe," IZA Discussion Papers 9147, Institute of Labor Economics (IZA).
    11. Jan Fagerberg, 2023. "The global green shift: Where it comes from, how it works, and where it’s heading," Working Papers on Innovation Studies 20230923, Centre for Technology, Innovation and Culture, University of Oslo.

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