Updated By: LatestGKGS Desk
India Biofuel Policy Features, Objectives, Organisations, Work Plan
The Union Cabinet has also approved the setting up of a National Biofuel Coordination Committee and a Biofuel Steering Committee
Bio-fuels provide a strategic advantage to promote sustainable development.
Bio-fuels supplement conventional energy sources in meeting the rapidly increasing requirements for transportation fuels associated with high economic growth.
Bio-fuels can increasingly satisfy these energy needs in an environmentally benign and cost-effective manner while reducing dependence on import of fossil fuels and thereby providing a higher degree of National Energy Security.
The Indian approach to biofuels is based solely on non-food feedstock’s to be raised on degraded.
Bio-diesel production will be taken up from non-edible oil seeds in waste / degraded/marginal lands.
Minimum Purchase Price (MPP) for the purchase of bio-ethanol and bio-diesel would be announced with periodic revision.
A Biofuel Steering Committee, chaired by Cabinet Secretary, will be set up to oversee implementation of the Policy.
Bio-fuels supplement conventional energy sources in meeting the rapidly increasing requirements for transportation fuels associated with high economic growth.
Another exercise has been taken up on realistic costing of biodiesel which will provide guidance on review and revision of the purchase price for biodiesel.
A survey has been undertaken to assess the status of Jatropha plantations in nine States. The major thrust is being given to the development of second-generation biofuels.
Another initiative with research institutes and industry is on for the development of high-efficiency engines for use of SVO for stationary applications.
Financial incentives, including subsidies and grants, may be considered for second-generation biofuels. If it becomes necessary, a National Bio-fuel Fund could be considered.