Drawing on the results of the new World Energy Outlook 2009, Ambassador Jones joins the Council to provide a comprehensive update of energy demand and supply projections and their implications for energy security and the environment. This latest analysis from the International Energy Agency (IEA) takes into account the dramatic economic downturn that has now hit all parts of the world as well as revised expectations about energy prices, which have ridden a veritable roller-coaster over the past year. Ambassador Jones outlines the results of an in-depth assessment of the prospects for global gas markets, including the emergence of shale gas as a potentially low-cost source of supply in North America. He also presents a post-2012 scenario, which the IEA prepared as input to the UN climate negotiations, which details a pathway for the energy sector to achieve a transition to a low-carbon world. Ambassador Jones is joined by energy expert David Victor, Professor at UC San Diego School of International Relations and Pacific Studies and Director of the School’s new Laboratory on International Law and Regulation.