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The report predicts that emissions from oil and natural gas will peak in 2025 and 2027 respectively, while non-fossil sources will constitute 52% of the energy mix in 2050. The Fit for 55 and RePowerEU policies in the EU and the Inflation Reduction Act in the US are seen as successful examples of grand-scale decarbonization policies. The report also highlights the increasing importance of energy security, with local sourcing of energy and infrastructure becoming a prominent national objective. The research team has revised their power sector forecast to reflect the willingness of countries to pay a premium for locally-sourced energy.