This report presents the results of the work carried out at ETC/WMGE on Green economy transition: Macroeconomic analytical framework in 2020 and 2021. The main aim was to provide the arguments for adopting a macro-level perspective to the green economy transition and to the European Green Deal (EGD). Some analytical results presented in this report provided inputs to the process leading to the EEA report Reflecting on green growth. Creating a resilient economy (EEA 2021).