The bioenergy sector has the potential to play a significant role in meeting the world’s growing energy needs while reducing greenhouse gas emissions and promoting sustainability. Various vital initiatives have been undertaken by our government over the last few years to encourage investment in the energy space. The Government has announced that green growth efforts help reduce the economy's carbon intensity and provide for large-scale green job opportunities. Hon’ble Prime Minister Shri Narendra Modi’s announcement on the Global Biofuels Alliance (GBA) will accelerate sustainable biofuel deployment and support the global energy transition. GBA will spawn international cooperation, especially among agriculturally endowed countries for furthering the goals of inclusive and green growth. India’s in net carbon zero goal of 2070 will also receive a fillip. The alliance will also act as a central repository of knowledge and an expert hub. GBA aims to serve as a catalytic platform, fostering global collaboration for the advancement and widespread adoption of
biofuels. The Global Biofuels Alliance has reinforced India’s commitment to decarbonisation and just energy transition. Other major programs launched by the government to support the development of biofuels in India include the Sustainable Alternative Towards Affordable Transportation" (SATAT) scheme for boosting Compressed Biogas (CBG) production in
India, Viable Gap Funding (VGF) for 2G bioethanol under Pradhan Mantri JI-VAN Yojana, and grants for research and development in the bioenergy area.
CII has a National Committee on Bioenergy which represents a cross-section of industry leaders engaged in the manufacturing of machinery, production of enzymes, ethanol and biodiesel, use of biowaste, and other related businesses. The committee on Bioenergy is working towards achieving this government vision. As a result, we intend to make
decarbonization a priority area in 2023. CII Bioenergy Committee sees the unfolding of new business opportunities in the bioenergy sector through this alliance. This will also serve to a large extent the twin goals of low-carbon energy and reduction in import dependency.
The bioenergy sector has the potential to play a significant role in meeting the world’s growing energy needs while reducing greenhouse gas emissions and promoting sustainability. Various vital initiatives have been undertaken by our government over the last few years to encourage investment in the energy space. The Government has announced that green growth efforts help reduce the economy's carbon intensity and provide for large-scale green job opportunities. Hon’ble Prime Minister Shri Narendra Modi’s announcement on the Global Biofuels Alliance (GBA) will ...