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Towards a green new deal : lessons after a lost decade

  • In his essay, the author presents a stock-taking of the debate on Green Deals. The starting point of this personal assessment is a brief outline of the content and impact of a study in which the author and colleagues published a first outline of a "Green New Deal for Europe" as a political response to the 2008 financial crisis. 2008 had been a critical juncture for mainstream economics: however, from the perspective of policy-learning, the period after has been a lost decade. The European Green Deal as presented by the European Commission in 2019 can be perceived as a historic milestone and confirmation of a regime change in mainstream economic policy in which ecological considerations gain in importance. Yet, the Deal suffers from majorIn his essay, the author presents a stock-taking of the debate on Green Deals. The starting point of this personal assessment is a brief outline of the content and impact of a study in which the author and colleagues published a first outline of a "Green New Deal for Europe" as a political response to the 2008 financial crisis. 2008 had been a critical juncture for mainstream economics: however, from the perspective of policy-learning, the period after has been a lost decade. The European Green Deal as presented by the European Commission in 2019 can be perceived as a historic milestone and confirmation of a regime change in mainstream economic policy in which ecological considerations gain in importance. Yet, the Deal suffers from major deficits. In sum, the European Green Deal could be interpreted as an insufficient attempt to take advantage of the rapidly closing windows of opportunity for a peaceful transition towards sustainability. On the eve of a planetary crisis, the governance of economic transitions towards sustainability needs to be improved and accelerated. Reflecting on the 2009 study A Green New Deal for Europe, this essay attempts to draw a few lessons and frugal heuristics for the policy-design of Green Deals.show moreshow less

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Metadaten
Document Type:Peer-Reviewed Article
Author:Philipp Schepelmann
URN (citable link):https://nbn-resolving.org/urn:nbn:de:bsz:wup4-opus-81041
DOI (citable link):https://doi.org/10.5771/2566-7742-2022-2-275
Year of Publication:2022
Language:English
Source Title (English):Culture, practice & europeanization
Volume:7
Issue:2
First Page:275
Last Page:291
Divisions:Energie-, Verkehrs- und Klimapolitik
Dewey Decimal Classification:320 Politik
OpenAIRE:OpenAIRE
Licence:License LogoCreative Commons - CC BY - Namensnennung 4.0 International