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Have a look at our upcoming WWWforEurope lectures!

In May and June 2015 expect lectures by Eloi Laurent, Frank Vandenbroucke and Margit Noll.

WWWforEurope Newsletter February 2015

The WWWforEurope Newsletter 1/2015 has been published!

WWWforEurope Conference: Watch the keynote by Jeffrey D. Sachs

Jeffrey D. Sachs held a keynote titled "The 'European Model' and Global Long-Run Development" at the WWWforEurope Conference on Social and Environmental Progress: Europe in a Long-Run Perspective via Skype. Watch the video and read up on the conference!

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Project Coordinator:

WIFO - Austrian Institute of Economic Research
Arsenal, Objekt 20
1030 Vienna, Austria

Telephone: +43 1 798 26 01-332
Fax: +43 1 798 93 86

Web: http://www.wifo.ac.at/

European Commission, DG Research and Innovation
Domenico Rossetti – Domenico.Rossetti-di-Valdalbero(at)ec.europa.eu

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This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement no. 290647.

The project receives additional funding under the TOP.EU program of the Austrian Federal Ministry of Science, Research and Economy.

Welcome to the WWWforEurope project!

What kind of development strategy should Europe opt for in the face of the financial crisis and the big challenges ahead: globalisation, demographic shifts, climate change and new technologies? What kind of strategy will guarantee Welfare, Wealth and Work for Europe in the long term? These are essential questions for Europe’s future that need to be answered today. These are the questions an ambitious European research project is working on. Its name is its mission: Welfare, Wealth and Work for Europe – WWWforEurope.

Image of the Month

An option for countries which are not technological frontrunners and still hit by the recession: Environmental Fiscal Devaluation

If resources and energy, regardless of their origin, are taxed on the consumer side and social security contributions are decreased accordingly (guaranteeing revenue neutrality and with adequate re-distributive compensation schemes for low income households), import prices would rise relatively to export prices, hence „Environmental Fiscal Devaluation“. The effect of this scenario woud be a GDP which would rise above the base case till 2050. Emissions, energy consumption and domestic material consumption (DMC) per capita tend to decrease slightly compared to today, leading to a decoupling of growth and resource use.

Slide from Kurt Kratena's presentation at the WWWforEurope Conference on Social and Environmental Progress. See WWWforEurope Policy Brief No. 6 by Kurt Kratena and Mark Sommer for details. Please note that the figure above shows updated results compared to the policy brief.