The current experience of energy prices is a case in point, where the challenges and opportunities presented by the necessary transition to a less carbon-intensive economy are becoming obvious in a shorter time period than previously expected.
Consequently, anchoring public policy in achieving a more resilient economy in light of the significant global, European and domestic transitions taking place may achieve better outcomes for citizens both today and in the future. Two of the transitions that I mentioned above will add to demands on government resources in the coming years.