Europe's Green Recovery

Per Project Syndicate:

“Europe’s Green Recovery” www.project-syndicate.org...

Snippets:

[China’s] … excessive emphasis on short-term economic planning

genuine economic recovery would be impossible without serious action on climate change.

These developments suggest that global leaders are finally beginning to understand that, beyond the global economic crisis, the world is experiencing a social and employment crisis, as well as a climate and resource crisis. And none can be resolved without addressing the others.

Europe cannot build an industrial strategy on cheap energy.

Europe’s high environmental standards are crucial to its future competitiveness, and should therefore be actively promoted, particularly in trade agreements.

Indeed, for Europe, cheap is not the answer; quality and innovation are.

There you have it: increasing costs will usher in a genuine economic recovery.

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