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India's Emerging Energy Relations

Issues and Challenges

  • Girijesh Pant

Part of the India Studies in Business and Economics book series (ISBE)

About this book

Introduction

This book analyzes the role of energy in Indian foreign policy, particularly in defining bilateral relations. It also focuses on the critical gaps in conceptualizing its formulations and recommends a framework for sustainable energy security. India, the fourth largest consumer of oil, is an energy-deficit economy, importing more than eighty percent of its needs. This makes securing energy integral to its foreign policy goals. Obviously it is important for India to actively participate in the global energy market and establish robust, enduring and nuanced diplomatic relations with energy exporting countries. Equally important is that India diversifies its energy mix and moves towards carbon-free growth. Renewable energy is today high on the global energy agenda.  Indian energy policy thus has to address a range of issues, domestically and on foreign turf.  It has to move beyond the transactional mode by creating equity in the global energy industry.

Today, the global energy regime is undergoing fundamental changes, as is the power dynamics of the global energy order. There are now many new producers and diverse consumers. The trade in energy has increased in volume and its direction has shifted from the West to the East, and the ongoing structural changes in the energy market call for a new security architecture. Given the complex and competitive environment of the new geo-economics and geopolitics of energy, the question could well be, should India frame energy issues in conflict mode or move toward innovative cooperation? In either case the message is that India needs an integrated energy security policy.

Keywords

Energy Security Global Energy Architecture India's Foreign Policy India's transition to renewables India’s Energy Diplomacy

Editors and affiliations

  • Girijesh Pant
    • 1
  1. 1.School of International StudiesJawaharlal Nehru University Energy Studies ProgrammeNew DelhiIndia

Bibliographic information

  • DOI https://doi.org/10.1007/978-81-322-2503-4
  • Copyright Information Springer India 2015
  • Publisher Name Springer, New Delhi
  • eBook Packages Business and Economics
  • Print ISBN 978-81-322-2502-7
  • Online ISBN 978-81-322-2503-4
  • Series Print ISSN 2198-0012
  • Series Online ISSN 2198-0020
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