IDEAS home Printed from https://ideas.repec.org/a/bla/jcmkts/v60y2022i1p170-185.html
   My bibliography  Save this article

The European Green Deal: More than an Exit Strategy to the Pandemic Crisis, a Building Block of a Sustainable European Economic Model

Author

Listed:
  • Annette Bongardt
  • Francisco Torres

Abstract

This article puts forward that the European Green Deal (EGD) is more than just another initiative for green growth. Instead, it adds a building block to the European economic model, alongside the single market and economic and monetary union. The pandemic crisis would therefore need to be addressed also through the EGD framework. We find that the Covid‐19 crisis provided a missing link between the EGD's long‐term objectives and conducive short‐term policies. We discuss to what extent economic governance changes reinforce the role of the EGD as a pillar of the European Union economic model, contributing also to creating strong (political, institutional and society) dynamics in favour of sustainability and promoting integration.

Suggested Citation

  • Annette Bongardt & Francisco Torres, 2022. "The European Green Deal: More than an Exit Strategy to the Pandemic Crisis, a Building Block of a Sustainable European Economic Model," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 170-185, January.
    • Handle: RePEc:bla:jcmkts:v:60:y:2022:i:1:p:170-185
    DOI: 10.1111/jcms.13264
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/jcms.13264
    Download Restriction: no
    File URL: https://libkey.io/10.1111/jcms.13264?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801.
    2. Begg, Iain & Bongardt, Annette & Nicolaïdis, Kalypso & Torres, Francisco, 2015. "EMU and sustainable integration," LSE Research Online Documents on Economics 65243, London School of Economics and Political Science, LSE Library.
    3. Konstantinos Efstathiou & Guntram B. Wolff, 2018. "Is the European Semester effective and useful?," Policy Contributions 26281, Bruegel.
    4. Valerie D'Erman & Amy Verdun, 2022. "An Introduction: “Macroeconomic Policy Coordination and Domestic Politics: Policy Coordination in the EU from the European Semester to the Covid‐19 Crisis”," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 3-20, January.
    5. Zsolt Darvas & Alvaro Leandro, 2015. "The limitations of policy coordination in the euro area under the European Semester," Policy Contributions 10879, Bruegel.
    6. Bart Vanhercke & Amy Verdun, 2022. "The European Semester as Goldilocks: Macroeconomic Policy Coordination and the Recovery and Resilience Facility," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 204-223, January.
    7. Annette Bongardt & Francisco Torres, 2020. "Lessons From the Coronavirus Crisis for European Integration," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(3), pages 130-131, May.
    8. David Bokhorst, 2022. "The Influence of the European Semester: Case Study Analysis and Lessons for its Post‐Pandemic Transformation," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 101-117, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nikola Milicevic & Nenad Djokic & Vera Mirovic & Ines Djokic & Branimir Kalas, 2022. "Banking Support for Energy Security: The Customer Aspect," Sustainability, MDPI, vol. 15(1), pages 1-15, December.
    2. Ali, Amjad & Esposito, Luca & Gatto, Andrea, 2023. "Energy transition and public behavior in Italy: A structural equation modeling," Resources Policy, Elsevier, vol. 85(PB).
    3. Valerie D'Erman & Amy Verdun, 2022. "An Introduction: “Macroeconomic Policy Coordination and Domestic Politics: Policy Coordination in the EU from the European Semester to the Covid‐19 Crisis”," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 3-20, January.
    4. Rafael Estevez & Laura Aguado-Deblas & Francisco J. López-Tenllado & Felipa M. Bautista & Antonio A. Romero & Diego Luna, 2024. "Internal Combustion Engines and Carbon-Neutral Fuels: A Perspective on Emission Neutrality in the European Union," Energies, MDPI, vol. 17(5), pages 1-13, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mario Alloza & Javier Andrés & Pablo Burriel & Iván Kataryniuk & Javier J. Pérez & Juan Luis Vega, 2021. "La reforma del marco de gobernanza de la política fiscal de la Unión Europea en un nuevo entorno macroeconómico," Occasional Papers 2121, Banco de España.
    2. repec:hal:spmain:info:hdl:2441/6dicic97b487dbkfcnlm8fi6tk is not listed on IDEAS
    3. Camilla Mariotto, 2022. "The Implementation of Economic Rules: From the Stability and Growth Pact to the European Semester," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 40-57, January.
    4. Mario Alloza & Javier Andrés & Pablo Burriel & Iván Kataryniuk & Javier J. Pérez & Juan Luis Vega, 2021. "The reform of the european Union’s fiscal governance Framework in a new Macroeconomic environment," Occasional Papers 2121, Banco de España.
    5. Sara Casagrande & Bruno Dallago, 2022. "Socio-Economic and Political Challenges of EU Member Countries: Grasping the Policy Direction of the European Semester," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(3), pages 487-519, September.
    6. Bernhard Zeilinger, 2021. "Die Wirkmächtigkeit des Europäischen Semesters und ihre Auswirkung auf die Interessensvertretung durch Arbeitnehmer:innenverbände," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 231, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    7. Valerie J. D'Erman & Daniel F. Schulz & Amy Verdun & Dennis Zagermann, 2022. "The European Semester in the North and in the South: Domestic Politics and the Salience of EU‐Induced Wage Reform in Different Growth Models," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 21-39, January.
    8. Bart Vanhercke & Amy Verdun, 2022. "The European Semester as Goldilocks: Macroeconomic Policy Coordination and the Recovery and Resilience Facility," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 204-223, January.
    9. European Fiscal Board (EFB), 2019. "Assessment of EU fiscal rules with a focus on the six and two-pack legislation," Reports 2019, European Fiscal Board.
    10. Jean-Charles Bricongne & Nuria Mata Garcia & Alessandro Turrini, 2019. "Macroeconomic Imbalance Procedure, economic reforms and policy progress in the European Union," Working Papers hal-03475400, HAL.
    11. David Bokhorst, 2022. "The Influence of the European Semester: Case Study Analysis and Lessons for its Post‐Pandemic Transformation," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 101-117, January.
    12. Gräbner-Radkowitsch, Claudius & Hager, Theresa, 2021. "(Mis)measuring competitiveness: the quantification of a malleable concept in the European Semester," ZOE Discussion Papers 8, ZOE. institute for future-fit economies, Bonn.
    13. repec:spo:wpmain:info:hdl:2441/6dicic97b487dbkfcnlm8fi6tk is not listed on IDEAS
    14. Valerie D'Erman & Amy Verdun, 2022. "An Introduction: “Macroeconomic Policy Coordination and Domestic Politics: Policy Coordination in the EU from the European Semester to the Covid‐19 Crisis”," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 3-20, January.
    15. Stéphane Hallegatte, 2008. "A Proposal for a New Prescriptive Discounting Scheme: The Intergenerational Discount Rate," Working Papers 2008.47, Fondazione Eni Enrico Mattei.
    16. van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
    17. Strand, Jon, 2011. "Carbon offsets with endogenous environmental policy," Energy Economics, Elsevier, vol. 33(2), pages 371-378, March.
    18. Stern, Nicholas, 2018. "Public economics as if time matters: Climate change and the dynamics of policy," Journal of Public Economics, Elsevier, vol. 162(C), pages 4-17.
    19. Lotze-Campen, Hermann & von Witzke, Harald & Noleppa, Steffen & Schwarz, Gerald, 2015. "Science for food, climate protection and welfare: An economic analysis of plant breeding research in Germany," Agricultural Systems, Elsevier, vol. 136(C), pages 79-84.
    20. Pycroft, Jonathan & Vergano, Lucia & Hope, Chris & Paci, Daniele & Ciscar, Juan Carlos, 2011. "A tale of tails: Uncertainty and the social cost of carbon dioxide," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 5, pages 1-29.
    21. Oliver Schenker, 2013. "Exchanging Goods and Damages: The Role of Trade on the Distribution of Climate Change Costs," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 54(2), pages 261-282, February.
    22. Luigi Aldieri & Jonas Grafström & Kristoffer Sundström & Concetto Paolo Vinci, 2019. "Wind Power and Job Creation," Sustainability, MDPI, vol. 12(1), pages 1-23, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jcmkts:v:60:y:2022:i:1:p:170-185. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0021-9886 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.