The consultation will focus on key areas including agriculture, industry, power, transport and waste, to help reach the proposed target of reducing emissions by 45% in 2030.
In recent years, there has been growth in new greener industries including electric vehicle and battery manufacturing, low-carbon energy technologies, low energy buildings and heating and cooling systems.
Cabinet Secretary for Energy, Planning and Rural Affairs, Lesley Griffiths, said the consultation "will open up a dialogue on how we tackle the challenge of climate change together in Wales".
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"The Paris Agreement not only sets the context for tackling climate change, but for the decarbonisation of the global economy," she said.
"Action on climate change will result in cleaner air and water and will not only improve our health and wellbeing, it will lift people out of fuel poverty and create new opportunities for green industries."
Economy and Transport Secretary, Ken Skates, said: "From embracing new modes and mechanisms of transport, to pioneering and manufacturing green technologies, there is huge potential for growth in a low carbon economy. That is why my Economic Action Plan has helping business to future proof, innovate and become carbon light, or carbon free, right at its heart.
"We must ensure Wales takes advantage of the transition to a low-carbon society so we can continue to compete with the rest of the World and ensure that the benefits of low carbon economy are felt in communities right across Wales."
(LM)
