Summary:

The Indian government established the National Bioenergy Programme (NBP) to promote bioenergy and waste-to-energy technologies, boosting clean energy, energy security, and sustainable development. Key steps include increasing the feedstock for ethanol production, implementing price mechanisms for sugarcane-based ethanol under the EBP Programme, and creating Ethanol Interest Subvention Schemes (EISS) for molasses and grain production. The 2024-amended PM JIVAN Yojana supports advanced bioethanol projects, with approximately US$ 106.7 million allocated for 2G bioethanol projects.

Additionally, the government introduced the Oilfields (Regulation and Development) Amendment Bill, 2024, aimed at increasing local oil and gas production and reducing reliance on imports. This initiative seeks to attract investment and promote hydrocarbon development. As part of this, the "No-Go" zones in the Bay of Bengal, Indian Ocean, and Arabian Sea have been reduced, allowing 99% of previously restricted areas to be explored. Over the past decade, these measures have resulted in a reduction of 557 lakh metric tonnes of CO2 emissions.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.