The Global Cooperation Barometer 2026

2025 overview of climate and natural capital – indicators and survey FIGURE 9 2025 indicators Global new investment in renewable energy,1 $ trillions Installed solar and wind capacity, GW Energy system CO2 emissions,2 billions of CO2 tons per year Global electric vehicle sales, millions of units0200600 2020 22 23 24 2025e03040 0510 20 10 2025 survey results Forum council members: How would you describe the state of global cooperation in climate and natural capital in 2025 compared to 2024? Executives: How has your company’s ability to conduct business been affected, if at all, by changes in global cooperation in 2025 compared to 2024 in climate and natural capital? -44 -120100400 200300 H1* 2024 H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 21400351 244386 408 7.19.5 34.436.0 36.7 37.3 37.8 38.1 10% 51% 22% 16% 6% 23% 6% 48% 13% 1% 4% Net sentiment score (positive minus negative answers); ppStayed the sameLess cooperativeMore cooperative Much more cooperativeMuch less cooperative Don’t knowSomewhat more difficultNeither easier nor more difficult Somewhat easierMuch more difficult Much easier *H1 = first half. 1. Measured in nominal terms, composed of the following categories: small scale solar, utility scale solar, onshore wind, offshore wind, collocated and others. 2. Estimated annual emissions from fossil fuels (i.e. from energy systems), based on the Global Carbon Project, which integrates energy statistics, atmospheric observations and land-use information to estimate global CO2 fluxes. Sources: BloombergNEF; Ember Energy Wind and Solar Capacity Data; Friedlingstein et al. Earth System Science Data; August 2025 Global Councils Survey N=171 (finished responses); August 2025 Executive Survey N=799; McKinsey & Company analysis. The Global Cooperation Barometer 2026 20