Every major economy today is grappling with a profound shift in how energy is produced, distributed and consumed. The global energy tripartite, which demands a simultaneous pursuit of energy security, energy affordability and environmental sustainability, now sits at the heart of policy debates from Washington to Tokyo. The causes of this shift are well documented. Geopolitical realignment, particularly after the disruption of Russian gas supplies to Europe, forced nations to scramble for alternative sources.
The accelerating climate crisis compelled governments to embed decarbonisation targets into law. Meanwhile, the rapid fall in the cost of renewables made clean energy competitive, even as the world recognised that oil and gas would remain indispensable for decades.
Developed nations have responded with characteristic urgency. Germany, long dependent on Russian pipeline gas, fast-tracked the construction of multiple floating liquefied natural gas terminals in under two years. The United Kingdom paired a massive offshore wind expansion
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