WoodMac reveals new energy transition outlook

HOUSTON, TEXAS (By Ofelia Paredes, Energy Analytics Institute, 10.Nov.2026, Words: 259) — As the world reaches a fork in the transition road, pursuing energy security could unexpectedly lower emissions. This, according to a new study published on 10 Nov. 2026 by Wood Mackenzie.

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A new energy transition outlook frames 5 divergent scenarios as geopolitical shock and energy independence reshape the global energy system, according to the consultancy.

Key findings include:

— energy security scenario (2.5°C) produces lower warming than both Growth First (3°C) and the Base Case (2.6°C), not through climate policy, but as a by-product of electrification driven by import reduction

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— the scenarios present a cumulative investment opportunity of $147tn to $189tn through to 2060 for energy and resources companies;

— global liquids demand rises to a peak of approximately 109 mb/d in 2031 in the Base Case;

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— solar, wind and battery capacity are set to surge 60% by 2030 and six times by 2060 in the Base Case;

— nuclear is experiencing a global revival, with the US holding 53% of the unrisked advanced nuclear pipeline; and

— global power demand is on track to double by 2060 in the Base Case.

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