With the Cabinet approving the National Policy on Biofuels, there is renewed hope for a cleaner environment in the not-too-distant future.
THE UNION CABINET’S approval to the National Policy on Biofuels earlier last month triggered both hope and hesitation. While the industry eagerly awaits the implementation of this policy, it is also cautious, considering our history with biofuels. What does this new policy mean for India and its economy, and have we learnt from the mistakes of our past?
Biofuels, unlike fossil fuels, are a much cleaner, greener and cheaper fuel produced using biomass or biowaste. In this day and age when air quality is highly questionable and global warming most definite, biofuels are our rescue wagon. While it burns similar to a fossil fuel, contextualizing it with our current scenario – a substantial switch from crude oil to biofuels – will largely reduce the emission of greenhouse gases and control air pollution especially in the way it is produced and harnessed.
Thus, the National Policy on Biofuels was a long time coming. If looked at carefully, two major points in the new policy stand out. The first is the aim of the policy to expand the scope of raw materials used towards the generation of biofuels, while the second is the accompanying Viability Gap Funding (VGF) scheme.
CASTING A WIDER NET
Talking about the ‘scope of raw materials’, the policy looks to allow the use of sugarcane juice, sugar containing material, starch containing material and, most importantly, damaged crop like wheat, broken rice and rotten potatoes, which have been deemed unsuitable for human consumption, for ethanol production. Ethanol is the most common biofuel worldwide.
Diese Geschichte stammt aus der July 01, 2018-Ausgabe von Business Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 01, 2018-Ausgabe von Business Today.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.