Energy abundance means different things in today's global context than it did even a decade ago. It is about expanding electricity access while meeting rising energy demand. It is about navigating geopolitical fragmentation, limited government support, and shifting development priorities. And it is about leveraging new technologies to deliver reliable power at scale.

But the challenge is not just technological. It is institutional and financial. Many low- and middle-income countries face high capital costs, limited access to financing, and policy frameworks that struggle to keep pace with growing demand.

Solving this challenge is a priority for both the Center on Global Energy Policy and The Rockefeller Foundation. That's why this past spring the two organizations launched a high-level panel to advance "universal energy abundance," an idea that positions reliable, affordable energy as a cornerstone of economic growth, industrialization, and opportunity in emerging and developing economies.

So what does it take to move from energy scarcity and toward energy abundance? Can international institutions, governments, and investors come together to mobilize the scale of investment required? And how can emerging economies balance the urgency of expanding energy access with the need for affordability, reliability, and sustainability?

Today on the show, we're revisiting a conversation that Jason Bordoff had back in April with Rajiv Shah, president of The Rockefeller Foundation, about the high-level panel and its goals.

Rajiv has led The Rockefeller Foundation since 2017. Prior to that, during the Obama administration, he led the US Agency for International Development as its administrator. He also served on the National Security Council, at the US Department of Agriculture, and held leadership roles at the Bill & Melinda Gates Foundation.

Credits: Hosted by Jason Bordoff and Bill Loveless. Produced by Mary Catherine O'Connor, Caroline Pitman, and Kyu Lee. Engineering by Gregory Vilfranc.

Editor's Pick: Rajiv Shah on Delivering Universal Abundant Energy Access

Columbia Energy Exchange

Editor's Pick: Rajiv Shah on Delivering Universal Abundant Energy Access