PART 1: CONTEXT Introduction and Overview; R.Boscheck PART 2: UPSTREAM Petroleum Fiscal Systems: Royalty/Tax Systems, Production Sharing Contracts and Service Agreements Compared; D.Johnston Contractual and Fiscal Outlook for E&P in Latin America; C.Garibaldi Upstream Policy Responses: Norwegian Perspective; G.Gjerde Policy Challenges: Russian Perspective; J.Josefson PART 3: DOWNSTREAM Natural Gas Vehicles in China: An Answer to High Oil Demand?; D.R.Demers Challenges on the Pathway to a Hydrogen Economy; K.Hall How the Clean Air Interstate Rule Will Affect Investment and Management Decisions in the US Electricity Sector; C.Pfeiffer Future Investments in Power Generation: A Utility's Perspective; B.N.Holsen, S.Castedo & J.Kruhl Emissions Trading: Challenges for Utilities; S.Bockhamp & J.Kruhl PART 4: BEYOND THE MERE TECHNICAL - BROADER PERSPECTIVE Policy Responses for the Future of Energy: Global Overview and Perspectives; S.C.Bhattacharyya Further Reading; M.Ogunsulire