Hydrocarbon refrigerants like propane and butane have similar thermodynamic properties to natural refrigerants like CO2 and ammonia, but they have a lower GWP. They are also more compatible with existing HFC-based systems, making them a more drop-in replacement. However, hydrocarbons are still flammable and require special safety considerations, whereas natural refrigerants like CO2 and ammonia are non-flammable.