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

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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. Walz, Rainer & Köhler, Jonathan Hugh & Lerch, Christian, 2016. "Towards modelling of innovation systems: An integrated TIS-MLP approach for wind turbines," Discussion Papers "Innovation Systems and Policy Analysis" 50, Fraunhofer Institute for Systems and Innovation Research (ISI).
    5. Lundvall, Bengt-Åke, 2022. "Transformative policies for sustainable innovation systems," Lund Papers in Economic History 239, Lund University, Department of Economic History.
    6. 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.
    7. 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.
    8. Randolph Luca Bruno & Elodie Douarin & Julia Korosteleva & Slavo Radosevic, 2019. "Determinants of Productivity Gap in the European Union: A Multilevel Perspective," LEM Papers Series 2019/25, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    9. 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.
    10. 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.
    11. Jan Fagerberg & Håkon Endresen Normann, 2022. "Innovation policy, regulation and the transition to net zero," Working Papers on Innovation Studies 20220531, Centre for Technology, Innovation and Culture, University of Oslo.
    12. Mariana Mazzucato & Douglas K Robinson, 2016. "Lost in space? NASA and the changing publicprivate eco-system in space," SPRU Working Paper Series 2016-20, SPRU - Science Policy Research Unit, University of Sussex Business School.
    13. Michael Landesmann & Roman Stöllinger, 2020. "The European Union’s Industrial Policy: What are the Main Challenges?," wiiw Policy Notes 36, The Vienna Institute for International Economic Studies, wiiw.
    14. Carlos Contreras & Julio Angulo, 2022. "Innovation and Tariff-adjustment Options in Public-private Partnerships," Hacienda Pública Española / Review of Public Economics, IEF, vol. 243(4), pages 51-81, December.
    15. 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.
    16. Federica Doni & Marco Fiameni, 2024. "Can innovation affect the relationship between Environmental, Social, and Governance issues and financial performance? Empirical evidence from the STOXX200 index," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 546-574, February.
    17. 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.
    18. Jan Fagerberg, 2019. "Mission (im)possible? Mobilizing innovation – and policies supporting it – in the transition to sustainability," Working Papers on Innovation Studies 20190923, Centre for Technology, Innovation and Culture, University of Oslo.
    19. Michael A. Landesmann, 2020. "Covid-19 crisis: centrifugal vs. centripetal forces in the EU—a political-economic analysis," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 47(3), pages 439-453, September.
    20. Mengzhu Xiao & Sonja Simon & Thomas Pregger, 2019. "Energy System Transitions in the Eastern Coastal Metropolitan Regions of China—The Role of Regional Policy Plans," Energies, MDPI, vol. 12(3), pages 1-30, January.
    21. Vincent Van Roy & Daniel Vertesy & Marco Vivarelli, 2015. "The Employment Impact of Innovation: Evidence from European Patenting Companies," DISCE - Working Papers del Dipartimento di Politica Economica ispe0075, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    22. Alessio Terzi & Monika Sherwood & Aneil Singh, 2023. "European industrial policy for the green and digital revolution," Science and Public Policy, Oxford University Press, vol. 50(5), pages 842-857.
    23. Jose Silva & Guilherme Tavora & Sandro Mendonca, 2023. "Reconfiguring the Battery Innovation Landscape," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 17(1), pages 34-50.
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