The globe is under growing strain from environmental factors such as pollution of the air and water, climate change, extinction of species, and waste production. Several worldwide laws and initiatives have been developed in response to these issues, but more needs to be done to achieve a swift transition to a green economy and a cleaner environment for everybody. These adjustments will need to be made in the context of other significant structural changes, such as the economic convergence of developed and emerging nations, the growth of urbanisation, and the adoption of automation and digitalization. Several economic sectors are involved in the green transformation. Determining the scale of the business opportunity brought on by the change is so challenging. Recent projections show, however, that the green economy is expanding quickly and may account for 10% of global market capitalization by 2030. In order for the commercial prospects connected with the green transition to materialise, there are a number of obstacles hindering the development and transmission of green technologies. This paper makes an effort to investigate the potential benefits and drawbacks of the transition to a greener economy.