A political ecology of speculative urbanism: The role of financial and environmental speculation in Jakarta's water crisis.
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| Title: | A political ecology of speculative urbanism: The role of financial and environmental speculation in Jakarta's water crisis. |
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| Authors: | Colven, Emma1 (AUTHOR) emmacolven@ou.edu |
| Source: | Environment & Planning A. Mar2023, Vol. 55 Issue 2, p490-510. 21p. |
| Subjects: | Cities & towns, Political ecology, Luxury housing, Speculation, Real estate development, Land subsidence, Water shortages |
| Geographic Terms: | Jakarta (Indonesia) |
| Abstract: | Jakarta, Indonesia's capital, is increasingly characterized by luxury real estate developments and high-profile infrastructural projects made possible by economic liberalization and finance capital. Yet these developments have contributed to Jakarta's struggles with chronic flooding, land subsidence, and water shortages. This paper contributes an empirical study of the spatial-temporal dynamics of speculative urbanism and the associated impacts on water resources and flood events in Jakarta. I use an urban political ecology approach to analyze mainland and offshore development. First, I show how financial speculation generates flood risk and the overexploitation of water resources, producing uneven socio-spatial distributions of risk. These transformations in Jakarta's hydroscape in turn threaten to undermine the city's viability as a site for speculative investment. I thus show how speculative urbanism can be threatened or disrupted by nonhuman agencies. Second, I illustrate a second form of speculation, which I refer to as environmental speculation. As Jakarta's water crisis has cast doubt on the future of the city itself as a place of habitation, the state explored an ambitious and potentially lucrative coastal defense project, while private developers have engaged in land reclamation. The turn toward offshore development illustrates how environmental speculation creates new opportunities for capital accumulation. I advance two arguments: first, in order to capture the full costs of speculative urbanism, it is imperative that urban scholars attend to its ecological dimensions. Second, an urban political ecology approach advances our understandings of speculative urbanism by illuminating its contradictions and limits. [ABSTRACT FROM AUTHOR] |
| Copyright of Environment & Planning A is the property of Sage Publications Inc. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Database: | Engineering Source |
| FullText | Text: Availability: 0 |
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| Header | DbId: egs DbLabel: Engineering Source An: 162756554 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: A political ecology of speculative urbanism: The role of financial and environmental speculation in Jakarta's water crisis. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Colven%2C+Emma%22">Colven, Emma</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> emmacolven@ou.edu</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22Environment+%26+Planning+A%22">Environment & Planning A</searchLink>. Mar2023, Vol. 55 Issue 2, p490-510. 21p. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Cities+%26+towns%22">Cities & towns</searchLink><br /><searchLink fieldCode="DE" term="%22Political+ecology%22">Political ecology</searchLink><br /><searchLink fieldCode="DE" term="%22Luxury+housing%22">Luxury housing</searchLink><br /><searchLink fieldCode="DE" term="%22Speculation%22">Speculation</searchLink><br /><searchLink fieldCode="DE" term="%22Real+estate+development%22">Real estate development</searchLink><br /><searchLink fieldCode="DE" term="%22Land+subsidence%22">Land subsidence</searchLink><br /><searchLink fieldCode="DE" term="%22Water+shortages%22">Water shortages</searchLink> – Name: SubjectGeographic Label: Geographic Terms Group: Su Data: <searchLink fieldCode="DE" term="%22Jakarta+%28Indonesia%29%22">Jakarta (Indonesia)</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: Jakarta, Indonesia's capital, is increasingly characterized by luxury real estate developments and high-profile infrastructural projects made possible by economic liberalization and finance capital. Yet these developments have contributed to Jakarta's struggles with chronic flooding, land subsidence, and water shortages. This paper contributes an empirical study of the spatial-temporal dynamics of speculative urbanism and the associated impacts on water resources and flood events in Jakarta. I use an urban political ecology approach to analyze mainland and offshore development. First, I show how financial speculation generates flood risk and the overexploitation of water resources, producing uneven socio-spatial distributions of risk. These transformations in Jakarta's hydroscape in turn threaten to undermine the city's viability as a site for speculative investment. I thus show how speculative urbanism can be threatened or disrupted by nonhuman agencies. Second, I illustrate a second form of speculation, which I refer to as environmental speculation. As Jakarta's water crisis has cast doubt on the future of the city itself as a place of habitation, the state explored an ambitious and potentially lucrative coastal defense project, while private developers have engaged in land reclamation. The turn toward offshore development illustrates how environmental speculation creates new opportunities for capital accumulation. I advance two arguments: first, in order to capture the full costs of speculative urbanism, it is imperative that urban scholars attend to its ecological dimensions. Second, an urban political ecology approach advances our understandings of speculative urbanism by illuminating its contradictions and limits. [ABSTRACT FROM AUTHOR] – Name: AbstractSuppliedCopyright Label: Group: Ab Data: <i>Copyright of Environment & Planning A is the property of Sage Publications Inc. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
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| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1177/0308518X221110883 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 21 StartPage: 490 Subjects: – SubjectFull: Cities & towns Type: general – SubjectFull: Political ecology Type: general – SubjectFull: Luxury housing Type: general – SubjectFull: Speculation Type: general – SubjectFull: Real estate development Type: general – SubjectFull: Land subsidence Type: general – SubjectFull: Water shortages Type: general – SubjectFull: Jakarta (Indonesia) Type: general Titles: – TitleFull: A political ecology of speculative urbanism: The role of financial and environmental speculation in Jakarta's water crisis. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Colven, Emma IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 03 Text: Mar2023 Type: published Y: 2023 Identifiers: – Type: issn-print Value: 0308518X Numbering: – Type: volume Value: 55 – Type: issue Value: 2 Titles: – TitleFull: Environment & Planning A Type: main |
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