The new IEA report predicts a gas glut

The International Energy Agency is out with its 2025 World Energy Outlook report and has brought its Current Policy Scenario section back with it. In recent years, the GOP has complained about the omission of the Current Policy Scenario analyzing future energy trends based on enacted laws and measures. POLITICO’s James Bikales breaks down the report and why its predictions about a natural gas glut are causing such a buzz. Plus, Pennsylvania governor Josh Shapiro decides to pull out of the Regional Greenhouse Gas Initiative in the state’s newly passed budget.  Josh Siegel⁠⁠ is an energy reporter for POLITICO and the host of POLITICO Energy.  James Bikales is a reporter for POLITICO. ⁠⁠Nirmal Mulaikal⁠⁠ is the co-host and producer of POLITICO Energy.   ⁠Kara Tabor⁠ is an audio producer for POLITICO.  ⁠⁠Ben Lefebvre⁠⁠ is the deputy energy editor at POLITICO.  ⁠⁠Matt Daily⁠⁠ is the energy editor for POLITICO.  For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: ⁠⁠https://www.politico.com/power-switch⁠⁠  And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: ⁠⁠https://subscriber.politicopro.com/newsletter-archive/morning-energy⁠⁠  Our theme music is by Pran Bandi.