Middle powers are navigating a more fragmented global order. As tensions rise between major economies, the countries caught in between are being forced to rethink how they manage trade, security and economic ties. Energy is at the center of that shift. Reducing reliance on imported fuels is becoming a strategic priority, with electrification and domestic clean energy seen not just as climate solutions, but as tools of resilience and sovereignty. So how are these countries adapting to a more uncertain world – and what does that mean for the future of the energy transition?

This episode features a conversation between Malcolm Turnbull, the 29th prime minister of Australia, and Kobad Bhavnagri, BNEF’s global head of strategy. Titled “Energy Transition in a Multipolar World: The Middle Power Perspective,” this discussion was recorded live at the 2026 BNEF Summit New York.

To learn more about our Summits and to listen to more interviews, please visit https://www.bnef.com/events

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