World Biofuel Day 2024: Innovations and Impact on Sustainable Energy
| Aspect | Details |
|---|---|
| Event | World Biofuel Day |
| Date | August 10th |
| Significance | Commemorates Rudolf Diesel's first successful biofuel engine operation (1893) |
| Organizer (2024) | International Centre for Genetic Engineering and Biotechnology (ICGEB) |
| Location | New Delhi, India |
| Focus Areas | Advancements in biofuels, Carbon capture, Advanced biofuels, Net Zero targets |
| Types of Biofuels | Ethanol, Biodiesel |
| Ethanol Blend | E10 (10% ethanol, 90% gasoline) |
| Biodiesel Sources | Used cooking oil, yellow grease, animal fats |
| Environmental Benefits | Reduces greenhouse gas emissions, lessens fossil fuel dependence, improves waste management |
| Energy Security | India imports over 85% of its crude oil; biofuels reduce dependency |
| Economic Benefits | Reduces oil imports, boosts farm income, addresses food grain overproduction |
| Government Initiatives | National Policy on Biofuel (2018), Global Biofuels Alliance (GBA), Pradhan Mantri JI-VAN Yojana |
| GST Reduction | Ethanol for EBP Programme reduced from 18% to 5% |
| Target | 20% ethanol blending by 2025-26 |
| Progress | Ethanol purchases increased from 38 crore liters (2013-14) to 408 crore liters (2021-22) |
| Farmer Benefits | ₹25,750 crore worth of ethanol purchased in ESY 2021-22 |