-5 0 5 15 100.600.650.700.750.800.850.900.951.001.051.10 2012 2014 2016 2018 2020 2022 2024Compound annual growth rate (CAGR), % Climate and natural capital index Global trade in low-carbon technology products Finance: global climate mitigation Finance: global climate adaptation Global progress on emissions intensity1* Terrestrial protected area Marine protected area Ocean Health Index* Global progress on emissions1* 2012–20 2020–23 2023–24The climate and natural capital pillar looks at global cooperation on lowering emissions, preserving natural capital and preparing for the likely effects of climate change through a combination of cooperation on finance flows and global supply chains. The latest barometer reading shows cooperation in this pillar rose, but with two contrasting dynamics. Cooperation increased in cross-border trade and global climate financing – the largest increases in this pillar – which enabled the continued rise in deployment of clean technologies (Figure 8). Solar and wind capacity additions in 2024 doubled compared to 2022 – from 300 to 600 gigawatts (GW),37 and were 60% higher in the first half of 2025 compared to the same period of 2024.38 In fact, in the last 18 months, the world installed more solar capacity than in the previous three years combined. Yet, these increases were not enough. Outcomes related to natural capital and climate deteriorated, as deployment remains below the level needed to meet climate objectives aligned with the Paris Agreement. Climate cooperation grew, spurred by climate finance and low-carbon goods trade FIGURE 8 1. Metrics were inverted given negative connotation; *outcome metrics. Note: Partial extrapolation of 2024 data from 2023 data for the following metrics: global trade in low-carbon technology products, finance: global climate mitigation, finance: global climate adaptation. Sources: International Monetary Fund (IMF); Climate Policy Initiative (CPI); Ocean Health Initiative (OHI); Protected Planet; United Nations Environment Program (UNEP); McKinsey & Company analysis.Pillar 3 Climate and natural capital Cooperation in climate continued to rise as trade and finance enabled more deployment of clean energy, but remained insufficient to make material progress on climate outcomes. The Global Cooperation Barometer 2026 18