Could possibility thinking improve how we respond to contemporary challenges? What approaches can higher education adopt to promote possibility thinking as a response to contemporary challenges? Could critical, creative and cooperative thinking strengthen a possibility thinking that not only stimulates the imagination but also motivates students to articulate ideas and act collectively in the construction of alternatives aimed at the common ​good? This chapter underscores the critical need to explore and study possibility thinking in higher education in order to address urgent contemporary challenges and co-create new opportunities. Possibility thinking is positioned as a fundamental competence for global citizenship and leadership, one that allows people not only to foresee but also to articulate and implement strategies to foster a more just, sustainable, and democratic world. To accomplish this, it is essential to integrate possibility thinking into higher education curricula in order to raise awareness of contemporary problems and encourage active participation in the search for real solutions. In an increasingly complex and multifaceted world, innovative and socially transformative approaches are required to promote progress toward the common good. Possibility thinking could provide a framework with which to make use of hope and imagination to envision new possibilities for justice, sustainability, and peace. This framework is particularly relevant to higher-education students as future leaders and change agents. We examine higher education challenges through the lens of critical, creative, cooperative, and possibility thinking, emphasizing transformative pedagogies that develop skills in questioning assumptions, generating creative ideas, and collaborative problem-solving.