The role of the private and public sectors in the transition The public sector cannot be solely responsible for creating stable, fair and inclusive economic growth that respects environmental balances.
It is up to the public sector to create a stable and modern regulatory framework, and to define and implement effective economic, environmental, energy-related and social policies that provide incentives that will stimulate new investments. In order to achieve sustainable business practices, strategies must be adopted that take account of the environment, human rights, consumer rights, diversity and best practices in corporate governance, i.e.