Transition to a low-carbon economy: On the cusp of emerging challenges and opportunities

Abstract

This chapter sets the context in which the present study of the? opportunities and challenges presented by the transition to a low-carbon economy is undertaken. It outlines the significance of a low-carbon economy and the benefits associated with the green growth. The theme of sustainability transitions is explored at the beginning of the chapter and is used to frame a number of key scholarly debates about the scope and direction of sustainability initiatives at the? national, regional and organisational levels. The chapter provides a brief overview of the book chapters outlining their contribution to the academic and professional debates in the relevant fields. The chapter concludes with emphasising the importance of leadership for sustainability at various levels. It calls to widen the remit of sustainability initiatives associated with the transition to a low-carbon economy from a narrow view of cost-cutting measures to broader initiatives that strengthen competitive success and organisational strategies towards sustainability.