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Hi,
Answering your questions:
1. No, you will not be able to renew it in the future.
2. No, there is no transition path. What you can do is attend the upcoming (July 28/29) two day "Strengthen Cloud Security with Microsoft Defender for Cloud" Virtual Training Day, which will give you 50% off discount on SC-500 exam. Study for and pass SC-500 so you earn new Cloud and AI Security Engineer Associate certification.
NOTE: If you can't attend the above event, you can search for the same two day training event for a future day on the Microsoft Virtual Training days site.
3. Yes, if you want to earn the new replacement Cloud and AI Security Engineer Associate certification you will need to pass SC-500 exam.
Please click Accept Answer if the above was helpful.
Thanks.
-TP