A rising urgency of accelerated climate action.

The green transition, driven by a rising urgency of accelerated climate action, is a transformative shift to a new economic system that encompasses a wide range of actions, including transitioning away from fossil fuels, greening key industries, and advancing innovations in agriculture and the circular economy.

The costs and benefits of the green transformation fall unevenly, evident in mounting political and social polarization to climate action. 

The divergent impacts on workers, consumers and entrepreneurs are driven by labour market disruptions, the accessibility and affordability of relevant products, financing and investments gaps, asymmetric access to knowledge, technology and critical materials.


The green transition, with the underpinning imperative to limit the global temperature rise to 1.5 degrees, is only viable if fairness is a foundational principle and inequality is curtailed. 

78M

Workers who are exposed to job loss by 2030 who will need support with reskilling and job transitions.

3B

People who cannot afford a healthy diet because it costs more than 52% of household income.

~50%

Proportion of urban population around the world without access to some form of public transport service.

48%

SMEs surveyed in Europe who identified a lack of funding as a key obstacle to climate action in 2023.

100

Countries that accounted for 85% of all green patents held by industrial firms in 2022.

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