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

Author

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  • Jan Fagerberg

    (Professor, University of Oslo, Aalborg University, and Lund University)

  • Staffan Laestadius

    (Professor Emeritus, Sustainability and Industrial Dynamics Division, Department of Industrial Economics & Management, Royal Institute of Technology, Stockholm)

  • Ben R. Martin

    (Professor of Science and Technology Policy Studies, SPRU, University of Sussex)

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.

Suggested Citation

  • Jan Fagerberg & Staffan Laestadius & Ben R. Martin, 2015. "The Triple Challenge for Europe: The Economy, Climate Change and Governance," Working Papers on Innovation Studies 20150422, Centre for Technology, Innovation and Culture, University of Oslo.
  • Handle: RePEc:tik:inowpp:20150422
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    References listed on IDEAS

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    Cited by:

    1. Jan Fagerberg & Gernot Hutschenreiter, 2020. "Coping with Societal Challenges: Lessons for Innovation Policy Governance," Journal of Industry, Competition and Trade, Springer, vol. 20(2), pages 279-305, June.
    2. Ben R. Martin, 2016. "Twenty challenges for innovation studies," Science and Public Policy, Oxford University Press, vol. 43(3), pages 432-450.
    3. Fagerberg, Jan, 2018. "Mobilizing innovation for sustainability transitions: A comment on transformative innovation policy," Research Policy, Elsevier, vol. 47(9), pages 1568-1576.
    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. Ciarli, Tommaso & Savona, Maria, 2019. "Modelling the Evolution of Economic Structure and Climate Change: A Review," Ecological Economics, Elsevier, vol. 158(C), pages 51-64.
    6. Jan Fagerberg, 2021. "Mobilizing innovation for the global green shift: The case for demand-oriented innovation policy," Working Papers on Innovation Studies 20210422, Centre for Technology, Innovation and Culture, University of Oslo.
    7. Jens Hanson & Markus Steen & Tyson Weaver & Håkon E. Normann & Gard H. Hansen, 2016. "Path creation through branching and transfer of complementary resources: the role of established industries for new renewable energy technologies," Working Papers on Innovation Studies 20160310, Centre for Technology, Innovation and Culture, University of Oslo.
    8. 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.
    9. Andreas Pyka, 2017. "Dedicated innovation systems to support the transformation towards sustainability: creating income opportunities and employment in the knowledge-based digital bioeconomy," Journal of Open Innovation: Technology, Market, and Complexity, MDPI, Open Access Journal, vol. 3(4), pages 1-18, December.

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