We are at the dawn of the Third Industrial Revolution. This is the premise of the latest Green European Foundation publication – a memorandum of the German Öko-Institut, published together with the Heinrich Böll Stiftung.
The memorandum “Sustainable Industrial Policy for Europe – Governing the Green Industrial Revolution” argues that industrialised production and consumption patterns lead the world to its ecological limits. Climate change, ongoing poverty, food and water shortages and the global economic recession can become driving forces of a Green Industrial Revolution. In Europe, a transformation process of old, as well as new, economic structures has begun, with a high potential of causing social conflicts. In this context, the study argues that a new approach to industrial policy by governments is essential to manage this fundamental change. Not having a sustainable industrial policy is not a political option.
The memorandum analyses, as a first step, the shortcomings of current industrial policies at the national and European levels, and subsequently highlights goals, guiding principles and measures of implementing sustainable industrial policies for Europe. Finally, it outlines an integrated monitoring and evaluation method assessing the state of industrial policy with regards to the pre-requisites of a shift towards sustainability.
The research has been realised by the Öko-Institut e.V (Institute for Applied Ecology), and published by the Green European Foundation in cooperation with the Heinrich Böll Foundation.