Investing in a zero carbon economy could help the EU escape secular stagnation

Although Eurozone countries have returned to growth since the financial crisis, the pace of the recovery remains relatively slow and fragile, as underlined in recent economic forecasts by the IMF and OECD. Xavier Timbeau writes that in the current economic climate Europe should view the transition to a zero carbon economy as a key investment opportunity. He notes that while developing a strategy for reducing emissions and boosting the European economy is far from straightforward, the costs would be worth paying in order to avoid sinking into a long period of stagnation.