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Introduction: Energy Transition in the EU—The Need for a Governance Revolution

  • Floriana Cerniglia(author)
  • Francesco Saraceno(author)
Chapter of: More with More: Investing in the Energy Transition: 2025 European Public Investment Outlook(pp. 1–12)
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TitleIntroduction
SubtitleEnergy Transition in the EU—The Need for a Governance Revolution
ContributorFloriana Cerniglia(author)
Francesco Saraceno(author)
DOIhttps://doi.org/10.11647/obp.0499.00
Landing pagehttps://www.openbookpublishers.com/books/10.11647/obp.0499/chapters/10.11647/obp.0499.00
Licensehttps://creativecommons.org/licenses/by-nc/4.0/
CopyrightFloriana Cerniglia; Francesco Saraceno
PublisherOpen Book Publishers
Published on2025-12-08
Page rangepp. 1–12
Print length12 pages
LanguageEnglish (Original)
Locations
Landing PageFull text URLPlatform
PDFhttps://www.openbookpublishers.com/books/10.11647/obp.0499/chapters/10.11647/obp.0499.00Landing pagehttps://books.openbookpublishers.com/10.11647/obp.0499.00.pdfFull text URL
HTMLhttps://www.openbookpublishers.com/books/10.11647/obp.0499/chapters/10.11647/obp.0499.00Landing pagehttps://books.openbookpublishers.com/10.11647/obp.0499/introduction.xhtmlFull text URLPublisher Website
Contributors

Floriana Cerniglia

(author)
Full Professor of Economics at Università Cattolica del Sacro Cuore
Director at CRANEC at Università Cattolica del Sacro Cuore
https://orcid.org/0000-0001-9972-716X

Floriana Cerniglia is a Full Professor of Economics at Università Cattolica del Sacro Cuore (Milan) and Director of CRANEC (Centro di ricerche in analisi economica e sviluppo economico internazionale). She is the Co-Editor-in-Chief of Economia Politica (Journal of Analytical and Institutional Economics). She received her PhD from the University of Warwick (UK) and her research interests are in public economics and in macroeconomic policies. She has published in leading international journals and she has coordinated and participated in a number of peer-reviewed research projects.

Francesco Saraceno

(author)
Deputy Department Director at OFCE at Sciences Po, Paris
https://orcid.org/0000-0003-0121-4329

Francesco Saraceno is Deputy Department Director at OFCE, the research centre in

economics at Sciences Po in Paris, and Professor of Practice at LEAP-Luiss, Rome. He

holds PhDs in Economics from Columbia University and the Sapienza University of

Rome. His research focuses on the relationship between inequality, macroeconomic

performance, and European macroeconomic policies. From 2000 to 2002 he was a

member of the Council of Economic Advisors for the Italian Prime Minister’s Office. He

teaches international and European macroeconomics at Sciences Po, where he manages

the Economics concentration of the Master’s in European Affairs, and in Rome (Luiss).

He is Academic Director of the Sciences Po-Northwestern European Affairs Program.

He advises the International Labour Organization (ILO) on macroeconomic policies

for employment and participates in IMF training programmes on fiscal policy

References
  1. Aiginger, K., and D. Rodrik (2020) “Rebirth of Industrial Policy and an Agenda for the Twenty-First Century”, Journal of Industry, Competition and Trade 20.2, 189–207, https://doi.org/10.1007/s10842-019-00322-3 
  2. Amato, M., E. Belloni, P. Falbo, and L. Gobbi (2021) “Europe, Public Debts, and Safe Assets: The Scope for a European Debt Agency”, Economia Politica 38.3, 823–861,https://doi.org/10.1007/s40888-021-00236-6
  3. Amato, M., and F. Saraceno (2022) “Squaring the Circle: How to Guarantee Fiscal Space and Debt Sustainability with a European Debt Agency”, OFCE Working Paper 2022–02 (January), https://leap.luiss.it/wp-content/uploads/2022/06/WP1.22-Squaring-the-circle-How-to-guarantee-fiscal-space-and-debt-sustainability-with-a-European-Debt-Agency.pdf
  4. Baccianti, C. (2022) “The Public Spending Needs of Reaching the EU’s Climate Targets”, in F. Cerniglia and F. Saraceno (eds), Greening Europe: 2022 European Public Investment Outlook. Cambridge, UK: Open Book Publishers, pp. 107–128, https://doi.org/10.11647/OBP.0328.08
  5. Bontadini, F., V. Meliciani, M. Savona, and A. Wirkierman (2024) “Nearshoring and Farsharing in Europe within the Global Economy”, Luiss LEAP Working Paper 16/2024 (August), https://leap.luiss.it/wp-content/uploads/2024/09/WP16.24-Nearshoring-and-Farsharing-in-Europe-within-the-Global-Economy.pdf
  6. Bubbico, R. L., P. B. Brutscher, and D. Revoltella (2020) “Europe Needs More Public Investment”, in F. Cerniglia and F. Saraceno (eds), A European Public Investment Outlook. Cambridge, UK: Open Book Publishers, pp. 17–32, https://doi.org/10.11647/OBP.0222.01
  7. Buti, M., A. Coloccia, and M. Messori (2023) “European Public Goods”, in F. Cerniglia et al. (eds), Financing Investment in Times of High Public Debt: 2023 European Public Investment Outlook. Cambridge, UK: Open Book Publishers, pp. 191–200, https://doi.org/10.11647/obp.0386.11
  8. Cerniglia, F., and F. Saraceno (2020) “Introduction”, in F. Cerniglia and F. Saraceno (eds), A European Public Investment Outlook. Cambridge, UK: Open Book Publishers, pp. 1–14, https://doi.org/10.11647/OBP.0222.11
  9. Cerniglia, F., and F. Saraceno (eds) (2022) Greening Europe: 2022 European Public Investment Outlook. Cambridge, UK: Open Book Publishers, https://doi.org/10.11647/OBP.0328
  10. Cerniglia, F., and F. Saraceno (eds) (2024) Investing in the Structural Transformation. 2024 European Public Investment Outlook. Cambridge, UK: Open Book Publishers, https://doi.org/10.11647/OBP.0434
  11. Draghi, M. (2024) The Future of European Competitiveness. Brussels: European Commission, https://commission.europa.eu/topics/eu-competitiveness/draghi-report_en
  12. Freeman, R. B. (2000) “Single Peaked Vs. Diversified Capitalism: The Relation Between Economic Institutions and Outcomes”, National Bureau of Economic Research Working Paper Series No. 7556, https://papers.ssrn.com/sol3/papers.cfm?abstract=214910
  13. Juhász, R., N. Lane, and D. Rodrik (2024) “The New Economics of Industrial Policy”, Annual Review of Economics 16.1, 213–242, https://doi.org/10.1146/annurev-economics-081023-024638
  14. Letta, E. (2024) “Much More than a Market”, Report Prepared for the European Council, https://www.consilium.europa.eu/media/ny3j24sm/much-more-than-a-market-report-by-enrico-letta.pdf
  15. Mazzucato, M. (2013) The Entrepreneurial State. London: Anthem Press, https://demos.co.uk/wp-content/uploads/files/Entrepreneurial_State_-_web.pdf
  16. Rietlzer, K., and A. Watt (2024) “Germany: Additional Investment Needs Require Reform of the Debt Brake”, in Cerniglia F. and F. Saraceno (eds), Investing in the Structural Transformation. 2024 European Public Investment Outlook. Cambridge, UK: Open Book Publishers, pp. 45–58, https://doi.org/10.11647/obp.0434.04
  17. Saraceno, F. (2017) “When Keynes Goes to Brussels: A New Fiscal Rule for the EMU?”, Annals of the Fondazione Luigi Einaudi 51.2, 131–158. https://www.annalsfondazioneluigieinaudi.it/images/LI/R28201702_E-3817-Saraceno.pdf
  18. Saraceno, F. (2018) La Scienza Inutile. Tutto Quello Che Non Abbiamo Voluto Imparare Dall’economia. Rome: Luiss University Press.
  19. Saraceno, F. (2021) “Europe After COVID-19: A New Role for German Leadership?”, Intereconomics 59 (March/April), 65–69, https://doi.org/10.1007/s10272-021-0955-z 
  20. Saraceno, F. (2022) “The Return of Fiscal Policy. The New EU Macroeconomic Activism and Lessons for Future”, ILO Working Paper 59 (April), https://ideas.repec.org/p/ilo/ilowps/995179893402676.html
  21. Steinbach, A., and J. Zettelmeyer (2025) “Germany’s Fiscal Rules Dilemma”, 24 April, Bruegel Analysis, https://www.bruegel.org/analysis/germanys-fiscal-rules-dilemma

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