<p>Institutions within academia, research organisations, the private sector, and the energy industry have all been developing energy scenarios. While these organisations have different methodologies and varying assumptions, most of their scenarios are not optimistic about the world meeting targets set by the Paris Agreement. For the first CEO Roundtable of 2023, international experts will provide new insights into short and long-term scenario planning and will answer questions such as &ldquo;what will be the key features of supply and demand for energy in 2023?&rdquo; This question is particularly pertinent in the face of the increasing focus on fossil fuels in climate change negotiations.</p>

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One may be forgiven for believing that the recent spike in gas prices and shortening supply are unheralded. However, some facets of the current situation could have been predicted with a quick analysis of trends from the previous decade. The low prices for both oil and gas of the period between 2010 and 2020 constrained investment. Companies found it difficult to make Final Investment Decisions (FIDs) when prices were low, despite arguments about the benefits of counter cyclical investments.</p>
