Even under the low-carbon scenario, modelled by consulting firm Bain & Co in its ‘Global Energy and Materials Outlook 2026’ report, fossil fuel supply constitutes 52% of global primary energy supply by 2040 and the world warms by 2.1 °C by 2100. Even in the most coordinated decarbonisation scenario, climate impacts are severe and require that capital be allocated to resilience strategies, it notes.
