Can you help shape our future priorities? Take a five minute survey now. Survey closes on 8 July.

Book Chapter

The Global Green Economy: Competition or Cooperation between Europe and China?

Published on 1 November 2015

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 interrelated.

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 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.

Cite this publication

Schmitz, H. and Lema, R. (2015) ‘The Global Green Economy: Competition or Cooperation between Europe and China?’ in J. Fagerberg, S. Laestadius and B. Martin (eds), The Triple Challenge for Europe: Economic Development, Climate Change, and Governance, Oxford: Oxford University Press

Authors

Hubert Schmitz

Emeritus Fellow

Rasmus Lema

Publication details

published by
Oxford University Press
editors
J. Fagerberg, S. Laestadius and B. Martin

Share

About this publication

Related content

Opinion

The power of communities during civic space closure in Central America

Rocío Elizabeth Ramírez Argueta, Oficial de programas y proyectos, COMCAVIS TRANS

& 3 others

24 June 2025

Opinion

El poder de las comunidades frente al cierre del espacio cívico en Centroamérica

Rocío Elizabeth Ramírez Argueta, Oficial de programas y proyectos, COMCAVIS TRANS

& 3 others

24 June 2025

Opinion

Shaping the future of AI: The role of non-binding agreements

23 June 2025

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.