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H2020Doctoral network2015–2019

AdaptEconII · Adaptation to a New Economic Reality

Horizon 2020 — Marie Skłodowska-Curie Actions

Duration
2015-12-01 → 2019-11-30
EU contribution
€3,200,532
Participants
8
Scheme
MSCA-ITN-EJD

Lines connect the coordinator with its partners.

Results in brief

Adaptation to a New Economic Reality

The world has come to a time where it is evident that growth of population and resource use has reached critical proportions, and therefore we have to go from aiming solely at economic growth as a measure of national success to underpinning society with behaviour and policy that supports sustainable development and a sustainable world. The objective of AdaptEconII is to train 12 PhD students in three trans-disciplinary themes: 1) Sustainable resource management; 2) Integrated economics systems assessment; and 3) Integrated society and economics. They will combine the themes to develop and apply a next version of the WORLD system dynamics model. The model integrates natural resources, population, society and economics. There will be focus on natural resource constraints, societal fairness, and transparency. Together they will provide assessments for future economic choices and limitations in order to develop viable strategies with regard to energy, raw materials, food security and global sustainability policy. AdaptEconII aims to put the EU in the forefront of new economic thinking, supporting sustainability, equity, job creation, innovation, entrepreneurship, and leadership within the Earth´s limits.

Data: CORDIS, © European Union

Project objective

The present economic model of permanent growth is unstable and leads to cycles of growth, peaks and crashes. We propose to contribute to developing new economic thinking based on knowledge of global resources availability. The Adaptation to a New Economic Reality (AdaptEconII) project is divided into three parts: 1. Sustainable resource management; 2. Integrated economic systems assessment; and 3. Integrating society and economics. These components will be combined to form an overarching economic model built on socio-environmental-technical (SET) system analysis of causal links and feedback structures and system dynamics. A simple prototype of such a model (WORLD) has already been built by the applicants and tested on historical data. Twelve Early Stage Researchers (ESRs) will be trained to obtain European Joint Doctorates at three universities: University of Iceland (Reykjavik, Iceland), Stockholm University (Sweden) and Universite Blaise Pascal, Clermont-Ferrand (France). The ESRs will have secondments in research institutes/NGOs/SMEs in Germany (GWS and Wuppertal Institute), UK (New Economics Foundation and Schumacher Institute) and Sweden (Swedish National Defense College). All of the ESRs will have a career plan and be trained in system analysis and system dynamics in addition to conventional and biophysical economic paradigms. They will be presented with aspects of resource availability, links between resources and wealth, the rise of new and/or rediscovered values and realization of our interdependent world, new development paradigms, political and industrial ecology, as well as science for sustainable society and transferable skills. AdaptEconII will train ESRs in new economic thinking and the goal is for them be at the forefront of innovative economic thinking in the EU and the world.

Original text from CORDIS.

Participants

  • HASKOLI ISLANDS · ReykjavikCoordinatorIceland
  • FORSVARSHOGSKOLAN · StockholmSweden
  • GESELLSCHAFT FUER WIRTSCHAFTLICHE STRUKTURFORSCHUNG MBH · OSNABRUECKGermany
  • New Economics Foundation · LondonUnited Kingdom
  • STOCKHOLMS UNIVERSITET · StockholmSweden
  • THE SCHUMACHER CENTRE LTD · BRISTOLUnited Kingdom
  • UNIVERSITE CLERMONT AUVERGNE · CLERMONT FERRANDFrance
  • WUPPERTAL INSTITUT FUR KLIMA, UMWELT, ENERGIE GGMBH · WuppertalGermany

Links

Data: CORDIS, © European Union