STO - Brave new world, page-244

Germany is having preliminary discussions with its G7 partners to "temporarily" REVERSE G7 regulations against investing in overseas fossil fuels' ventures. Germany ( & other EU countries, Japan, South Korea etc.) is very worried about its energy security, after widespread , permanent western sanctions against Russian fossil fuel imports etc.

Germany & Italy are considering increasing their coal-fueled power station energy supplies.

Good ol' Ausssie coal, oil, & gas suppliers are willing to assist western countries with their severe fears over energy security.
IMO, it can be expected that fossil fuel prices will remain high, considering the energy shortfalls- renewables have no possibilty of replacing fossil fuels in the next 10 years: reliable, economic baseload power= fossil fuels.
Bloomberg 26.6.22
"Germany is pushing for Group of Seven nations to walk back a commitment that would halt the financing of overseas fossil fuel projects by the end of the year, according to people familiar with the matter. That would be a major reversal on tackling climate change as Russia’s war in Ukraine upends access to energy supplies.

Germany has responded to the cuts by reviving coal plants and providing financing to secure gas supplies, while continuing with plans to phase out nuclear energy.

https://www.bloomberg.com/news/articles/2022-06-25/germany-pushes-for-g-7-reversal-on-fossil-fuels-in-climate-blow