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- Joseph McMonigle
Governments confront the dual challenge of meeting near-term industrial and residential energy demand and creating incentives to build the energy systems for a net-zero world. The 2021 gas and power crisis in Europe and Northeast Asia demonstrated the impact of supply shortfalls on economic activity and consumer prices. As countries plan their net-zero pathways, how realistic are assumptions on changes in demand? What strategies should be taken on hydrocarbon investment, and how should they vary based on national circumstances—such as the potential to substitute gas for diesel, or LPG for coal and wood? What strategies are governments employing to assure that deployments in low-carbon technologies align with diversification away from hydrocarbons?