The role of higher educational institutions (HEIs) in sustainable regional development is becoming a subject of attention of researchers and policymakers. Apart from clear inputs such as sustainable education and promotion of renewable energy sources, HEIs can act as partners and consultancies for the local authorities helping them to embark on the path of sustainable economic and social growth. Our paper looks into the role of higher education in sustainable development of regions. We identify HEIs as the hubs of knowledge and know-how spill-overs as well as active players in industry-university connection. Our results confirm the importance of higher education in promoting the decarbonization of economy, helping the transition to the renewables and the creation of wider social acceptance of sustainable development.

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Our paper aims at assessing the sustainable development of the universities in the 21st century that is market by globalization, high penetration of information and communication technologies as well as global environmental changes. The paper stresses that the higher education is undergoing profound changes in its role and its position in the society and should focus its attention to the environmental challenges and the fight again the global warming. Higher education is ripe for reforms that are not intended to disrupt its main goals and its very essence but that might help it to modernize its approaches to achieving the up-to-date objectives that would maximize its contribution to the development of the society. Therefore, it appears that governments and the civil society alike should put more effort into embedding the sustainable development principles as well as sustainable development goals (SDG) into the educational curricular of the universities regardless to their geographical location.