Overview
- The firm's latest outlook projects roughly 2.6°C of warming on current trends, putting the Paris 1.5°C pathway beyond reach.
- It says limiting warming to 2°C would require achieving net zero by 2060 and lifting annual energy‑transition investment about 30% to $4.3 trillion.
- Data centres are estimated to consume about 700 TWh of power this year, with demand potentially doubling by 2030 and reaching roughly 3,500 TWh by 2050.
- Wood Mackenzie warns the power surge is tightening grids, raising tariffs, delaying coal retirements and expanding gas‑fired capacity, risking years of locked‑in emissions.
- The report moves the expected oil‑demand peak to 2032 and links weaker climate progress to geopolitical frictions and most G7 countries missing their 2030 targets, with only the EU and UK close.