Accelerating the global transition to a green and circular economy The action `Accelerating the global transition to a green and circular economy¿ is aligned with EU¿s leadership in global efforts to transform the economy, achieve climate neutrality, &nbsp;contribute to halting biodiversity loss, and fighting pollution. It comprises three components: 1. Support to the Partnership for Action on the Green Economy (PAGE); 2. Support to the Global Green Growth Knowledge Partnership (GGKP); and 3. Support to the Green Economy Coalition (GEC), all leading to the Overall Objective (Impact) of catalysing a just transition to a carbon-neutral, resource-efficient, and circular economy, globally. &nbsp;The underlying intervention logic for this action is that the overall objective requires the adoption at all levels (global, regional, country) of enabling policies and regulations, and of economic, social and business reforms (based on Sustainable Consumption and Production models), supported by robust evidence and enhanced knowledge of innovative technologies, of new business practices, and of societal demands. It also requires multi-stakeholder efforts, primarily involving governments, the private sector and civil society. In this context, EU engagement with global partners and multilateral initiatives is necessary to increase awareness of the relevance and the benefits of the transition, to strengthen multilateral action and global knowledge, to encourage countries develop enabling policies and transform their economies, and to facilitate more consistent and coordinated efforts in this direction (under component 1 ¿ PAGE). Working across the policy, industry and finance communities (under component 2 - GGKP) is also key, to document green/circular economy knowledge and, identify knowledge gaps and entities best placed to fill them, and while also allow dissemination to targeted audiences in a connected and customised approach. The engagement with civil society (supported under component 3 - GEC) is especially important to convey society demands, promote a sustainable consumption and fair and just transition, leaving no one behind[1]. &nbsp;EU support to the proposed initiatives is expected to further promote this transformation at global level and to complement, coordinate, and strengthen action at country and regional level.&nbsp;The action is expected to contribute to the following results of the Prosperity pillar of the Global Challenges programme for 2021-2027: a. increased global advocacy, policy support and knowledge sharing for the just transition to an inclusive carbon-neutral resource efficient circular economy through knowledge development, awareness raising, multilateral dialogues and partnerships; and b. increased adoption of circular economy policies and regulations in partner countries.The action mainly contributes to SDG 12 - Sustainable Consumption and Production, with additional contributions to SDGs 8, 9, 13, 15 and 17. Aid to Environment and climate change mitigation are a principal objective of the action. Participation development/good governance are a significant objective (particularly relevant under Component 3), and so are climate change adaptation, and the preservation of biological diversity.