A new report estimates that 2035 will be the year in which the global energy crisis tips unmistakably towards renewable energy , with the technology meeting 20 % of the world 's energy demand . According to Wood Mackenzie 's study , " Thinking global energy transitions : The what , if , how and when " , oil demand will peak a year later , with its share of the market increasingly being displaced by renewable sources thereafter . Half of the world 's future energy projects will then be financed by sustainable means , according to the report , with the technology also accounting for 50 % of all the additional road mileage travelled by vehicles .
A new report estimates that 2035 will be the year in which the global energy market tips unmistakably towards renewable projects, with the technology meeting 20% of the world's energy demands. According to Wood Mackenzie's study, "Thinking global energy transitions: The what, if, how and when", oil demand will peak a year later, with its share of the market increasingly being displaced by renewable sources thereafter. Half of the world's future energy projects will then be driven by sustainable means, according to the report, with the technology also accounting for 50% of all the additional road mileage travelled by vehicles.