Political Economy at a Cross-Road: “Twin Transition” Through a Reformed Education

European “twin transition”, i.e. dual digital-climate transformation in the member states political economy, occupies an integral and important part of contemporary educational reforms. Twin transition is focusing on practical implications in the states reforming education policies and national recovery and resilience programs critically vital knowledge on digitalisation and climate mitigation. The digital-climate transition includes: (a) modernising traditional national socio-economic priorities, and (b) active involvement of world-wide challenges, including sustainability, into education programs in schools, colleges and universities. Reforming educational policies along twin transition is regarded as a vital component in sustainable socio-economic development, in general and national wellbeing, in particular. Hence, the need for basic and specific skills for future entrepreneurs; the latter will be better equipped to serve the national priorities and facilitate optimal business opportunities. Digital and climate priorities are altering not only basic national political economy’s patterns, they are also supporting the states in their education and training systems reforms, and in enhancing synergies with other policy areas (e.g. research and innovation, employment, youth and culture). The EU financial and funding instruments assist in progressive national reforms, in identifying long-term targets, and formulating indicators to guide entrepreneurship and monitor progress in education.