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The transnationalisation of the Indian coal economy and the Australian political economy: The fusion of regimes of accumulation?

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  • Rosewarne, Stuart

Abstract

The Indian government's economic development program is predicated on increasing electricity generating capacity. Coal fired power and removal of obstacles to private corporations investing in generating capacity are core elements in this program. With difficulties in boosting national coal production, the state-owned Coal India Limited and energy corporations have spearheaded a range of global coal sourcing endeavours, including investing in offshore deposits. Energy security has become reflected in engineering global supply chains, securing control of coal, with two of the largest projects involving Adani and GVK proposing to develop mines in the Galilee Basin in Queensland, Australia. These investments become the institutional and organisational architecture that locks in demand, a global demand which helps to explain successive Australian governments support for and approval of the projects. Notwithstanding considerable environmental opposition, and questions about the economic merits and commercial viability of the projects, Australian governments are wedded to the conviction that expanded development of the economy is tied to extracting and exporting fossil fuels, to consolidating Australia as an ‘energy superpower’.

Suggested Citation

  • Rosewarne, Stuart, 2016. "The transnationalisation of the Indian coal economy and the Australian political economy: The fusion of regimes of accumulation?," Energy Policy, Elsevier, vol. 99(C), pages 214-223.
    • Handle: RePEc:eee:enepol:v:99:y:2016:i:c:p:214-223
    DOI: 10.1016/j.enpol.2016.05.022
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    Citations

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    Cited by:

    1. Roman Stutzer & Adrian Rinscheid & Thiago D. Oliveira & Pedro Mendes Loureiro & Aya Kachi & Mert Duygan, 2021. "Black coal, thin ice: the discursive legitimisation of Australian coal in the age of climate change," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-9, December.
    2. Zaman, Rafia & Brudermann, Thomas, 2018. "Energy governance in the context of energy service security: A qualitative assessment of the electricity system in Bangladesh," Applied Energy, Elsevier, vol. 223(C), pages 443-456.
    3. Connor, Linda H., 2016. "Energy futures, state planning policies and coal mine contests in rural New South Wales," Energy Policy, Elsevier, vol. 99(C), pages 233-241.
    4. Christian Hauenstein & Franziska Holz & Lennart Rathje & Thomas Mitterecker, 2022. "Stranded Assets in the Coal Export Industry? The Case of the Australian Galilee Basin," Discussion Papers of DIW Berlin 2003, DIW Berlin, German Institute for Economic Research.
    5. Das, Khanindra Ch & Mahalik, Mantu Kumar & Sadorsky, Perry, 2023. "Tax provision by international subsidiaries of Indian extractive industry multinationals: Do environmental pollution and corruption matter?," Resources Policy, Elsevier, vol. 80(C).
    6. Dorband, Ira Irina & Jakob, Michael & Steckel, Jan Christoph, 2020. "Unraveling the political economy of coal: Insights from Vietnam," Energy Policy, Elsevier, vol. 147(C).
    7. Mathieu Blondeel & Thijs Van de Graaf, 2018. "Toward a global coal mining moratorium? A comparative analysis of coal mining policies in the USA, China, India and Australia," Climatic Change, Springer, vol. 150(1), pages 89-101, September.
    8. Della Bosca, Hannah & Gillespie, Josephine, 2018. "The coal story: Generational coal mining communities and strategies of energy transition in Australia," Energy Policy, Elsevier, vol. 120(C), pages 734-740.
    9. Roy, Brototi & Schaffartzik, Anke, 2021. "Talk renewables, walk coal: The paradox of India's energy transition," Ecological Economics, Elsevier, vol. 180(C).

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