The Bible tells us that the elements will melt to form the renewed earth. Since neither the physical world, nor this world's animals + plants can apprehend the Good News, but the eath is to be renewed, why would the animals and plants not be renewed? The verse that comes to mind is the one where "the lion will lie down with the lamb, and the child will play at the hole of the asp". So there will be animals in the renewed earth~ ~so my question is will we have this world's animals living in the new earth or will God create different animals? ((and where would this world's animals go to, in either case, when we enter the renewed world?))
I think that this short explanation puts things in a whole new perspective: https://www.jw.org/en/bible-teachings/questions/earth-destroyed/
It also answers the question "Doesn't the Bible teach that the earth will be burned in fire?"
The explanation does take some terms figuratively, so how can that be justified? Sometimes the context will show that a literal meaning doesn't fit. For example, where Noah by his faith "condemned the world" (Hebrews 11:7) and everyone who "wants to be a friend of the world is making himself an enemy of God (James 4:4). Sometimes, the Bible gives a literal explanation. In Daniel 2:35,44-45 God's Kingdom is represented by a mountain. Therefore, you can take that sometimes, a "mountain" can mean "God's Kingdom", which is a specially arranged government as you'll see in those verses, that is in opposition to governments of this world, as explained through the dream.
It seems sensible, then, to conclude that the animals we know now will be there, because the destruction of the earth as Peter mentions it, is not aimed at the animals, but at the worldwide human society (see article). There may be a re-creation of animals that have gone extinct due to mankind's mismanagement of the earth, but the details will probably reveal themselves as and when that time comes.