A Successful Economy
The Green Knowledge Economy
This Brief outlines a new model for sustainable economic development that integrates two paradigms – the Knowledge Economy and the Green Economy.
This Brief outlines a new model for sustainable economic development that integrates two paradigms – the Knowledge Economy and the Green Economy. We refer to this model as the “Green Knowledge Economy” (GKE).
The GKE model reflects emerging UK and EU policy trends. The Coalition Government is committed to building ‘a low carbon and eco-friendly economy’ – a Green Economy. The goal of the EU 2020 Strategy is to make Europe ‘a competitive and greener knowledge-based economy’. These long-term policy directions are evident in North America and other regions of the world. Within countries, cities and regions are actively planning ahead for ‘carbon-free prosperity’, and marketing themselves to investors and citizens as ‘green cities’, ‘eco-towns’ and ‘low-carbon economic areas’.
· The first areas of the UK to adopt the GKE framework for economic development are: the Sub-Region of Bournemouth, Dorset and Poole (where a Multi Area Agreement is in place) and Taunton, the county town of Somerset. Both of these areas are located in the South West of England.
The GKE concept refers to the ‘greening’ of the existing economy through product and process innovations that are used to tackle climate change, reduce greenhouse gas emissions, improve resource efficiency and conserve ecosystems and biodiversity. Given the consensus definition of our existing economy as a Knowledge Economy (wealth creation is driven by investments in intangible capital), I coined the term ‘green knowledge economy’ to reflect the new policy directions mentioned above.
We hope this Brief will stimulate widespread interest in the GKE model of economic development.
Geoeconomics Brief 3 (.pdf)
(595 KB)
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By Keith Loryman (Borough of Poole - Strategy Directorate)
Posted: Tuesday 15 June 2010
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