Global warming is rising at an alarming rate and its high time to switch to better alternatives to diminish our carbon footprints.
What are Carbon Footprints?
In a nutshell, carbon footprints are our actions contributing to Greenhouse Gas emissions which makes global warming even worse. And the only way to reduce carbon footprints is to adopt sustainability. Stopping one-time plastic usage, buying only what you need, switching to Biofuels, etc, can reduce your carbon footprints.
Biofuel has become a necessity for India and not just India but the entire world. Considering the number of toxic emissions and other petroleum-based fuel releases, many prominent countries are taking a sustainable leap. Many countries like the United States, Canada, The United Kingdom, etc use biofuels substantially.
But what are the benefits of Biofuels?
Biofuel is produced from Biomass – i.e. plant-based, vegetable oil, algae, or animal waste. Unlike fossil fuels such as coal, natural gas, and petroleum, biofuel is considered renewable energy. Replacing fossil fuels with biofuels has tremendous benefits, such as Biofuels being energy efficient, and sustainable, reducing carbon footprints, giving high-quality engine performance, and much more.
Taking into consideration how the Biofuel market is escalating, it is estimated that Biofuel will still soon become the fuel of the future. Worldwide people are now realising the significance of energy from biomass and how largely it plays a role in reducing carbon emissions. In today’s time, people are becoming more careful with their actions and taking the climate change issue seriously. And switching to Biofuel is one of the sought-after ways people are adopting in today’s time.
Biofuels are one of the avenues being explored at a fast pace worldwide. The motive behind Biofuel is to diminish carbon footprints and toxic emissions. Biofuels have a plethora of advantages yet many people are confined by misconceptions and barriers. More importantly, Indian citizens are yet to comprehend the significance and benefits of Biofuel. As India is accomplishing various things swiftly, hopefully, India too will make renewable biofuel the future fuel of the nation.
The future of biofuel — produced using plant material — is of strong fascination around the world. Worldwide biofuel creation has significantly increased from 4.8 billion gallons in 2000 to around 16.0 billion in 2007. In the United States, Brazil, and the European Union (EU) around 90% of creation is amassed. Production of Biofuel could turn out to be more popular if different nations, like Malaysia and China, organise development programs. The main unrefined substances, or feedstocks, for creating biofuels are corn, sugar, and vegetable oils.
High Oil Prices Attracts Investment in Biofuels
The leap in oil costs is one of the core reasons behind biofuels’ demand globally. The striking 6-year ascend in oil costs has drawn out opportunities for alternative fuels.
Also, Brazil is the only nation to use biofuel beyond mixing levels by permitting purchasers to use it as a fuel substitute. At pretty much every gas station the Brazilian Government has advanced the accessibility of ethanol and the production of adaptable fuel vehicles (equipped for utilising unadulterated gas, E25, or unadulterated hydrous liquor). Moreover, US legislation will also provide incentives for E85 and empower the production of E85-capable vehicles.
Biofuels can be utilised in existing gas and diesel motors in mixes of up to 10% on account of ethanol and 20 percent for biodiesel with next to zero motor adjustment. This similarity diverges from hydrogen energy component innovation, which would require a profoundly unique distribution system.
The unparalleled surge in the gas and oil market has left leaders all around the world in shock. This compels them to search for effective alternatives. With sky-high oil prices, renewable energies are becoming an ideal choice. And people are also opting for Biofuels as it is a sustainable alternative to petroleum fuels. Considering the carbon footprints we humans are leaving behind, it is majorly affecting the ozone layers and eventually the climate. That’s why people want to explore more sustainable alternatives and that gives a rise to the demand for sustainable/organic products.
The petroleum gas market has been on a rollercoaster ride since last year. Even before the war between two major countries, global leaders were endeavouring to lessen their dependence on Russian gas.
A bundle of reasons has led to the steep escalation in gas prices.
Even the Government of India has announced an ambitious plan for vehicles to run on 20% ethanol blended petrol by 2025.
Taking into consideration the development has been made in the Biofuels field and several vital decisions have been taken by the National Biofuel Coordination Committee (NBCC). Amendments are done to the national policy on Biofuels and they are as follows –
1) One of the foremost amendments is that the government will permit more feedstocks for the production of biofuels.
2) Under the amendments, the Centre plans to advance the ethanol blending target of 20% of ethanol in petrol to ESY 2025-26 from 2030.
3) Under the Make in India program, will promote the production of Biofuels in the country, by units located in Special Economic Zones (SEZ)/ Export Oriented Units (EoUs).
4) The government has permitted new members to add to the NBCC.
5) Permission to export biofuels will be granted in specific cases.
6) The proposed amendments are expected to pave the way for the Make in India drive, therefore, leading to the reduction in the import of petroleum products.
7) Since many more feedstocks are being allowed for Biofuel production, it will promote Atmanirbhar Bharat and give wings to the Prime Minister’s vision of India becoming energy independent by 2047.
8) These amendments will give rise to more employment as this will attract and foster developments of indigenous technologies for the Make in India drive.
All of these amendments will only empower people to switch to Biofuels and make our India evergreen. Also, In India, many organisations and Government bodies are promoting the usage of Biofuel through guidelines and programs. In fact, the Government of India has also mandated the guideline under FSSAI to ensure that used cooking oil should not enter the food chain and the FBO (Food Business Operators) should donate or sell the used cooking oil to Biodiesel Manufacturers in India. The Government of India recognizes the value of used cooking and understands that used cooking oil is a potential feedstock for Biodiesel.
Moreover, as per EY’s 59th edition of the ‘Renewable Energy Country Attractiveness Index’ (RECAI), India stands on the 7th position. The Index ranks the top 40 country markets and their organisation opportunities. Likewise, a new PPA index under the edition of RECAI was introduced that focused on renewable power procurement and ranks the potential growth of the company’s corporate PPA market and India ranked 14th when last year it ranked 6th among the 30 PPA markets.
Hopefully, in upcoming years, India’s first choice for fuels will be Biofuels.
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