Speaking at 12th CII Bioenergy Summit in New Delhi.
Oct 14,2024
Interacted with a large gathering of CEOs, policymakers, academicians, researchers, diplomats, & associations including representatives from key bioenergy producing nations like US, Brazil, & France among others at the 12th CII Bioenergy Summit “Fuelling the future - Securing India’s green growth goals.”
About 25% of the increase in energy demand is likely to come from India. How much of that increase are we able to fulfil with traditional fuels and how much through alternative fuels is what defines the future of our green transition under the dynamic leadership of PM Narendra Modi Ji.
We are poised to significantly augment India's energy landscape
Bioenergy will significantly contribute to India’s #NetZero strategy through initiatives like ethanol blending, biodiesel, CBG, Sustainable Aviation Fuel, & waste-to-energy solutions.
Ethanol blending percentage increased from 1.53% in 2014 to 15% in 2024, Buoyed by the success, we advanced the 20% target by 5 years to 2025 and are on track to achieve it.
As a result of this India saved ₹1,06,072 cr in foreign exchange, paid ₹90,059 cr to farmers, substituted 181 Lakh MT of crude oil and lowered 544 Lakh MT of CO2 emissions between 2014 & August 2024.
The responsibility to fuel India’s green growth requires the collective efforts. Strengthening the bioenergy supply chain through investments in infrastructure, logistics, and technology will be key to maximizing efficiency & sustainability.
The Global Biofuels Alliance (GBA) serves as a collaborative platform for sharing knowledge, advancing technology, and developing policies to harness the $500 billion opportunity in biofuels and accelerate global adoption through technology transfer.
