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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. Fagerberg, Jan, 2018. "Mobilizing innovation for sustainability transitions: A comment on transformative innovation policy," Research Policy, Elsevier, vol. 47(9), pages 1568-1576.
    3. Ben R. Martin, 2016. "Twenty challenges for innovation studies," Science and Public Policy, Oxford University Press, vol. 43(3), pages 432-450.
    4. 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.
    5. 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).
    6. 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.
    7. 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.
    8. Fagerberg, Jan & Verspagen, Bart, 2020. "Technological revolutions, structural change & catching-up," MERIT Working Papers 2020-012, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    9. Bruno, Randolph Luca & Douarin, Elodie & Korosteleva, Julia & Radosevic, Slavo, 2019. "Determinants of Productivity Gap in the European Union: A Multilevel Perspective," IZA Discussion Papers 12542, Institute of Labor Economics (IZA).
    10. Jakob Edler & Jan Fagerberg, 2017. "Innovation policy: what, why, and how," Oxford Review of Economic Policy, Oxford University Press, vol. 33(1), pages 2-23.
    11. 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.
    12. 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.
    13. 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.
    14. 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.
    15. 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.
    16. 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.
    17. 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.

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