By 2035 the global energy transition will reach a point of no return, according to a recent report from Wood Mackenzie. By that year, says WoodMac, renewables will likely meet 20 percent of global power demand, up from today’s 7 percent. The combination of wind, solar and electric vehicles will displace about 100 billion cubic feet of oil per day, creating an “unstoppable” shift for companies and countries around the world. “Stopping this transition seems highly unlikely,” reads the report. “It’s going to happen.” Though several global power markets already claim percentages of renewables above 20 percent, WoodMac projects a wide range of markets will rise to reach that level in coming decades. After that, adoption of renewables accelerates even faster — with wind, solar and electrified transport becoming “the default choice across many energy systems around the world.” Power markets will completely transform. WoodMac notes in the report […]