Thursday, 02 February 2017 15:26

Ministry of Economy Outlines Governance Model for Third Industrial Revolution

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The Luxembourg Ministry of Economy has defined a governance model to coordinate work following the strategic study of the third industrial revolution.

Considering that the strategic study of the third industrial revolution constitutes a general orientation for the qualitative development of the country, the Ministry of Economy has defined a governance model taking into account the different needs for information and coordination at the level of all public and private stakeholders.

This new model also further deepens the debate on the strategic measures and projects specified in the study, while at the same time supporting the transposition of various concrete actions proposed.

Ensuring widespread involvement of both public and private actors and civil society, a parallel process of discussion and implementation will be initiated within the framework of the model of governance put in place which has two objectives: on the one hand, to discuss and further study possible strategic measures to be taken following the proposals made in the study and, on the other hand, to support the projects already under way and to transpose other recommendations presented in the final report.

Initiated by the Ministry of Economy in collaboration with the Chamber of Commerce and IMS Luxembourg, the strategic study of the third industrial revolution was carried out in collaboration with economist Jeremy Rifkin according to a participatory approach. Representing all socio-economic sectors, more than 300 people had been actively involved for a year by participating in the nine work groups that focused on the challenges of energy, mobility, construction, food industry, finance, smart economy, and circular economy as well as the prosumer and social model.

The outcome of the process is a  detailed 475-page study that considers the socio-economic characteristics of the country and proposes concrete actions and tools, including a range of policy measures and projects to Country, society and economy to assimilate the third industrial revolution based on the convergence of opportunities related to digitization, energy transition and alternative mobilities.

The governance model envisages thematic platforms already existing or to be created newly, in which the recommendations and projects proposed in the study and corresponding to the nine thematic pillars are analyzed and discussed. These platforms allow for an exchange and a common understanding of the measures and visions presented in the study. The regulatory, operational and technical aspects related to the transposition of these measures as well as the projects to be carried out are discussed. The platforms operate with variable geometry and their composition varies according to the themes addressed, the general orientation being that of the public-private partnership, without prejudice to particular cases requiring a different approach.

The Prime Minister has referred to the Economic and Social Council (ETUC) for an opinion and analysis aimed at outlining an approach to the major future developments of the country. During this exercise to analyse the future development of Luxembourg, the ESC was invited to draw inspiration from the strategic study of the third industrial revolution.

The Ministry of Economy has also sought the advice of the Higher Council for Sustainable Development, the Ecological Movement and Caritas Luxembourg on strategic study as well as some youth organisations such as the General Conference of Youth of Luxembourg, the Youth Parliament, ACEL and UNEL.

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