Crisis, Innovation and Sustainable Development
Show Less

Crisis, Innovation and Sustainable Development

The Ecological Opportunity

Edited by Blandine Laperche, Nadine Levratto and Dimitri Uzunidis

This unique and informative book highlights the relationship between crisis, innovation, and sustainable development, and discusses the necessary conditions required to seize the ecological opportunity. The authors study the strength of change for building a new society, and the theoretical origins and political aspects of environmental concerns. They also sketch the outlines of a global governance system seeking to promote sustainable development.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 1: The Clean-tech Revolution in California and in France: Opportunities and Challenges

Anne Sengès


Anne Sengès INTRODUCTION It is fair to assume that in the near future, textbooks will devote space to 2008, the year of the worst financial crisis since the great depression, caused by the bursting of the subprime mortgage bubble in the United States (US). The near collapse of the financial system prompted the federal government to come to the rescue of financial institutions deemed too big too fail. The year 2008 also witnessed an oil shock. ‘As gasoline prices climb beyond $4 a gallon, Americans are rethinking what they drive and how and where they live. Entire industries are reeling – airlines and automakers most prominent among them – and gas prices have emerged as an important issue in the presidential campaign’, warned a New York Times article on 3 July, 2008 (Schwartz, 2008), as oil prices rose above $145 a barrel. Sport utility vehicle (SUV) sales plummeted across the country. That year also saw the collapse of the automotive industry in the US, followed by a government bailout of the fig three automakers (Ford, GM, and Chrysler). Commentators across the country and abroad proclaimed the end of the US brand of laissez-faire capitalism. In November 2008, Barack Obama made history by becoming the first African-American president. His election and his motto (Yes We Can) seemed to lift America’s spirit as Obama promised change. In an interview with Time magazine shortly before the presidential election, candidate Obama had stated that one of his top priorities was to build a new energy...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.