Making the Green Transition Work for People and the Economy 2025

Contributors Acknowledgements The World Economic Forum’s Centre for the New Economy and Society acknowledges and thanks Laudes Foundation for their support of the Equitable Transition Initiative, and McKinsey & Company for knowledge collaboration. Extreme gratitude is extended to colleagues in the Centre for the New Economy and Society for their support., especially: Eoin Ó Cathasaigh, Yanjun Guo, Shuvasish Sharma and Saadia Zahidi. Thanks is also extended to colleagues at the Global Communications Group. The report also reflects feedback and contributions from senior delegates of Equitable Transition Alliance, through individual and group consultations conducted virtually, and high-level roundtable discussions at London Climate Action Week and New York Climate Week in 2025. The Equitable Transition Alliance is a coalition of senior professionals and experts from businesses, international organizations, civil society and academia that provides strategic guidance and subject matter expertise to the Equitable Transition Initiative. Global Future Council on Equitable Transition The Centre for the New Economy and Society sincerely thanks the following members of Global Future Council on Equitable Transition for their valuable feedback and guidance in shaping this publication. Expert advice is purely consultative in nature and does not imply any association with the takeaways or conclusions presented within this report. Nabil Ahmed Director of Economic and Racial Justice, Oxfam International Mona Attas Head of ESG Reporting and Governance, AramcoLint Barrage Professor of Energy and Climate Economics, ETH Zurich Allen Blue Co-Founder and Vice-President, Products, LinkedIn CorporationSafia Boly Executive Director, African Agricultural Transformation Initiative Amy Brachio Chief Executive Officer, Carbon MeasuresSharan Burrow Visiting Professor in Practice, The Grantham Research Institute on Climate Change and the Environment C. D. Glin Global Head, Social Impact; President, PepsiCo Foundation, PepsiCoSaliem Fakir Executive Director, African Climate FoundationWorld Economic Forum Attilio Di Battista Head, Economic Growth and Transformation Tarini Fernando Lead, Equitable Transition Initiative Ricky Li Insight and Data Lead Cihan Giray Özdemir Engagement and Operations Specialist Harsh Vijay Singh Head, Equitable Transition InitiativeMcKinsey & Company Rishika DaryananiEngagement Manager Daniel Waring Knowledge Specialist James Patterson-Waterston Partner Making the Green Transition Work for People and the Economy 169