The report is the result of the work carried out within the Task Green economy transition: Macroeconomic analytical framework of the ETC/WMGE work program in 2020 and 2021. Stefan Speck (EEA) has been the Project Manager and Roberto Zoboli (SEEDS) has been the Task manager. The contributors to the task and the report have been Nicolò Barbieri, Ilaria Beretta, Valeria Costantini, Alessio D’Amato, Marianna Gilli, Giovanni Marin, Massimiliano Mazzanti, Simone Tagliapietra, Roberto Zoboli, Mariangela Zoli (all from SEEDS1), Susanna Paleari (IRCrES-CNR2), Andrea M. Bassi (KnowlEdge3) and Stefan Ulrich Speck (EEA). The authors wish to thank Bart Ullstein (BCI) for his careful work in editing the report.