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VOL. 9, ISSUE 1 (2022)
Economic and social rationale of biofuels in India
Authors
T S Devaraja, Guru Shanthamma G N
Abstract
Energy choices and decisions impact on economy and environment. It is essential that to choose energy sources carefully. Concerns about environment protection and achieving energy security, production of biofuels has rapidly expanded around the globe as part of strategies to make green economy. In India the chain has a much larger participation of smallholder farmers cultivating sugarcane. The biodiesel policy, on the other hand, has attempted to incorporate the rural poor through the promotion of non-food feedstock cultivation on what the government regards as “marginal lands”. Disappointing yields, lack of agreement with customary land users for cultivating jatropha and lack of committed buyers to make the value chain viable led to a huge failure. A government subsidy is essential for the biofuels industry's viability; nevertheless, the techniques of assistance must be carefully screened, and a scheme of policy instruments must be implemented. Most existing incentive programs in India are outrageously costly and benefits such as improvement in energy security and reduction GHG emissions have not been realized in cost-effective ways.
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Pages:26-29
How to cite this article:
T S Devaraja, Guru Shanthamma G N "Economic and social rationale of biofuels in India". International Journal of Multidisciplinary Research and Development, Vol 9, Issue 1, 2022, Pages 26-29
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