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India’s FY2027 Union Budget marks a strategic shift in the country’s energy transition, moving from a primary focus on renewable deployment toward domestic manufacturing and industrial decarbonisation, according to new analysis from Wood Mackenzie.
The United Kingdom has reached crunch time on climate commitments, with nearly all 2030 energy transition targets now out of reach despite cutting emissions in half since 1990, according to Wood Mackenzie's 'United Kingdom Energy Transition Outlook 2025'. The analysis shows the UK must close a 12-percentage-point gap by 2030, requiring an additional £75 billion in accelerated investment this decade, while cumulative low-carbon spending needs will reach £1.5-2.1 trillion through 2060. A ban on North Sea exploration has locked in structural dependence on oil and gas imports, even as offshore wind deployment lags 20% behind government targets.
The Trump administration’s US$12 billion Project Vault aims to establish a 60-day strategic buffer of critical minerals for US consumers. While the initiative could help cushion short-term supply disruptions and volatile prices, it does not resolve the structural weaknesses in the US critical minerals supply chain, according to Wood Mackenzie.
Global wind turbine firm order intake reached 215 (Gigawatts) GW in 2025, the second-highest annual total on record, according to the latest analysis from Wood Mackenzie. While total volume fell 8% year-on-year, largely due to a softer intake in China as developers prioritized delivery and the execution of existing backlogs, 2025 also saw a 66% surge in Chinese Original Equipment Manufacturers (OEM) orders across international markets.
The Middle East's energy transition is progressing unevenly, with ambitious 2050 and 2060 climate targets increasingly at odds with current trends, according to Wood Mackenzie's latest Energy Transition Outlook for the region.
Higher oil and gas prices are certain as the closure of the Strait of Hormuz threatens to disrupt 15% of global oil supply and 20% of global LNG supply, with oil prices potentially exceeding $100/bbl if tanker flows are not quickly restored, according to Wood Mackenzie. Following US and Israeli attacks on Iranian government, military and nuclear facilities, Iran warned shipping away from the waterway and insurers withdrew coverage, effectively halting tanker traffic.
Global lithium demand could exceed 13 million tonnes by 2050 under an accelerated energy transition, more than double base case projections, according to Wood Mackenzie’s latest Energy Transition Outlook for Lithium. Without significant new investment, supply deficits could emerge as early as 2028. Even under the Wood Mackenzie’s base case scenario, existing supply projects are unlikely to meet demand beyond the mid-2030s, highlighting the need for sustained investment across the value chain.
Global long-duration energy storage (LDES) installations exceeded 15 GWh in 2025, a 49% year-on-year increase. However, according to Wood Mackenzie’s latest Long Duration Energy Storage Trends report, the sector is facing growing challenges due to declining investment and increasing competition from lithium-ion batteries.
Northeast Asia’s LNG market faces a major supply shock following the closure of the Strait of Hormuz, with regional demand expected to fall by 4-5 million tonnes through Q3 2026 if supply disruptions last for two months, according to new analysis from Wood Mackenzie. The closure has removed 1.5 million tonnes (Mt) per week (2.2 bcm) from global LNG supply, equivalent to 19% of global exports. With around 90% of LNG exports from Qatar and the UAE destined for Asia, the region is most exposed to the disruption.
25 gigawatts (GW) of new data center capacity was added to the funnel in Q4 2025, half of Q3 additions, signaling a challenging development environment and a focus on the existing pipeline.
Emerging as major power consumers in the United Arab Emirates, data centres in the United Arab Emirates will double their power consumption to over 6 TWh by 2030, but regulatory barriers prevent operators from directly financing new clean energy projects needed to meet climate targets, Wood Mackenzie analysis shows.
The emergence of Guinea's Simandou as a large-scale, high-grade iron ore supplier signifies a significant change in the global seaborne iron ore market. According to Wood Mackenzie, this project is set to be the primary catalyst for long-term supply growth.
Water stress is forcing the global energy sector to redesign cooling infrastructure. Recent episodes across Europe where high river temperatures and low flows forced nuclear output cuts and temporary reactor curtailments have exposed a systemic vulnerability. By 2050, 31% of global GDP will be exposed to high water stress, up from 24% in 2010, threatening the thermal power plants and data centres that underpin modern economies, according to research published today by Wood Mackenzie.
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