How will energy shape global power in 2026 and beyond?

In GZERO’s 2026 Top Risks livestream, Gerald Butts, Senior Advisor at Eurasia Group, breaks down the growing US-China competition for energy dominance.

“Fundamentally, it’s about what energy system is going to be the primary one for the 21st century,” Butts explains. China has bet on the electron, building a high-tech “electrostate” that powers both its economy and national security, while the US consolidates conventional energy under its economic and security umbrella.

Butts emphasizes, “That’s all pre-game. We’re about to see the puck dropped in 2026, and it’s still an open game as to who wins.”

To read more on Top Risks for 2026, head to gzeromedia.com/toprisks

More For You

- YouTube

In his latest “ask ian,” Ian Bremmer says momentum is building toward a possible deal with Iran, driven by sustained negotiations and shifting US positions.

Police use a water cannon during a rally to disperse supporters of Ozgur Ozel, the ousted chairman of the main opposition Republican People’s Party (CHP), while waiting for his arrival in Izmir, Turkey, May 26, 2026.
REUTERS/Berkcan Zengin

Riot police raided the headquarters of Turkey’s main opposition party, the Republican People's Party, after a court order to remove party leader Özgur Özel. Rights groups say the move by the government of President Erdoğan is politically motivated.

Canada's Prime Minister Mark Carney and Alberta Premier Danielle Smith acknowledge the crowd before signing an energy agreement in Calgary, Alberta, Canada, on May 15, 2026.
REUTERS/Todd Korol

Alberta Premier Danielle Smith has announced a fall referendum on whether the province should pursue secession from Canada, potentially undermining Mark Carney’s pitch that Canada is a “stable, reliable partner” on the world stage.