The coming “green transition,” expected to create five jobs for every one lost, could “impact” or “disrupt” more than 14 million jobs globally, concludes a new employer survey by the World Economic Forum (WEF).

While the transition is expected to result in a net gain of 9.6 million new “roles”, roughly 2.4 million current jobs will likely be phased out, the report estimates. Thus, the WEF advises, businesses need to consider social and economic impacts in their climate plans in order to come out ahead.

“While business leaders in more than 80% of countries anticipate an overall economic boost, geopolitical fragmentation, economic uncertainty, and deepening societal divides are challenging traditional climate mitigation approaches and heightening the risk of uneven impacts on workers, consumers, and businesses within and across countries,” says the report.

One-third of businesses surveyed for the report said they are concerned about how job displacement will affect their country, including those located in areas expected to see significant economic benefits. Notably, businesses in countries with more robust social safety nets reported less concern.

“In the rapidly evolving societal and geoeconomic context, businesses that want to transition successfully should explicitly consider the impact of their climate plans on people,” said Harsh Vijay Singh, the WEF’s head of equitable transition.

With the green transition threatening to disrupt normal patterns of economic growth and development, the report looks at how its impacts will be influenced by social protections available to people who lose jobs; affordability and accessibility of goods and services; access to financing, investments, and capacity; and growth and competitiveness linked to green resources and technologies.

Based on those social and economic conditions, the WEF divided countries into six groupings to reflect the way they’re positioned for a green transition:

• Inclusive Adopters like France and Australia are advanced economies with established access to financing, social services, and systems that are already using green technologies and cutting emissions.

• Green Developers like China, Germany, and the (pre-Trump) U.S. are industrialized leaders in green technology that still have high emissions. Most have strong financial markets but uneven access to raw materials.

• Emerging Green Adopters such as Italy are industrial and manufacturing economies that have “strong talent bases” but are pessimistic about economic impacts.

• Growth Economies like India and Mexico are industrializing rapidly while balancing green investments against energy affordability and access concerns.

• Fossil Fuel Exporters such as Saudi Arabia still rely heavily on fossil fuels (and are deploying massive political and diplomatic weight to prolong the fossil era).

• Frontier Economies are low-income nations with barriers to financing, skill development, and affordability which require international support to align climate and development goals.

“Effective climate action depends on understanding the unique socioeconomic realities of each country and local community,” said Attilio Di Battista, WEF’s head of economic growth and transformation. “By leveraging new data and practical guidance, we can adapt climate strategies to ensure the green transition works for people and the economy.”