The Triple Challenge for Europe: The Economy, Climate Change, and Governance. Issue 3 (3rd May 2016)

• Record Type: Journal Article
• Authors: Fagerberg, Jan; Laestadius, Staffan; Martin, Ben R.
• Is Part Of: Challenge magazine. Volume 59:Issue 3(2016)
• Page Start: 178
• Page End: 204
• Publication Date: 2016-05-03
• Subjects: Economics -- Periodicals; United States -- Economic conditions -- Periodicals; 330.05
• DOI: 10.1080/05775132.2016.1171668
• Languages: English
• ISSNs: 0577-5132

Abstract

Abstract : Europe is confronted by an intimidating triple challenge—economic stagnation, climate change, and a governance crisis. What is required is a fundamental transformation of the economy to a new, "green" trajectory based on rapidly diminishing emission of greenhouse gases, the authors contend. Much greater emphasis on innovation in all its forms (not just technological) is an answer. Following this path would mean turning Europe into a veritable laboratory for sustainable growth, environmentally as well as socially.