National Policy on Biofuels – 2018 is a right step towards promoting biofuels in India. Enumerate the expected benefits of the promotion of usage of biofuels for the socio-economic development of India. (10 marks)
- Introduce with Biofuels and how National Policy was brought in to help in this regard
- Enumerate the expected benefits like reduced import dependency, cleaner environment, jobs etc.
- Conclude appropriately
Biofuels are derived from renewable bio-mass resources, and can satisfy energy needs in an environmentally benign and costeffective manner and provide a higher degree of National Energy Security. The National policy on Biofuels 2018 primarily tries to address supply-side issues in order to boost the production of biofuels. It allows a wider range of raw materials to be used as inputs to produce ethanol that can be blended with petrol.
- Energy Security: India’s energy security would remain vulnerable until alternative fuels to substitute/supplement petro-based fuels. Biofuels are perfectly suitable in this regard.
- Reduce Import Dependency: The ethanol supply year 2017-18 is estimated to result in savings of over Rs.4000 crore of forex, and grow every year.
- Cleaner Environment: By reducing crop burning & conversion of agricultural residues/wastes to biofuels, there will be reduction in GHG emissions.
- Health benefits: Used Cooking Oil is a potential feedstock for biodiesel and its use for making biodiesel will prevent diversion of used cooking oil in the food industry.
- MSW Management: There are technologies available which can convert waste/plastic, Municipal Solid Waste to drop in fuels.
- Infrastructural Investment in Rural Areas: Oil Marketing Companies are in the process of setting up twelve 2G bio refineries, and further addition of refineries will spur infrastructural investment in the rural areas.
- Employment Generation: One 100klpd 2G bio refinery can contribute 1200 jobs in Plant Operations, Village Level Entrepreneurs and Supply Chain Management.
- Additional Income to Farmers: Conversion of surplus grains and agricultural biomass can help in price stabilization.
Biofuels in India are of strategic importance as it augers well with the ongoing initiatives of the Government such as Make in India, Swachh Bharat Abhiyan, Skill Development and offers great opportunity to integrate with the ambitious targets of doubling of Farmers Income, Import Reduction, Employment Generation, Waste to Wealth Creation. In this context, the current policy is a right step.
Subjects : Current Affairs