As a leading agri-producer, India is taking significant efforts to promote the biofuels, says Goyal
India is moving towards becoming the fastest growing green economy of the world, Commerce and Industry Minister Piyush Goyal told a seminar, ‘Only One Earth – a discussion on Environment’ at the India Pavilion, EXPO2020 Dubai.
“While we are proud to be the fastest-growing economy in the world, we hope to become the fastest-growing green economy across the planet,” he said virtually on 8 Mar 2022.
The session, organized in collaboration with Bhamla Foundation, aimed at raising awareness and the need to safeguard the environment, in line with the annual global theme laid out by the United Nations Environment Programme, ‘Only One Earth’ for the World Environment Day 2022.
“As a signatory to the Paris Agreement, the Government has walked the talk on green energy. Our installed non-fossil energy capacity is the 4th largest in the world and has grown by 300%,” he said.
“One of our notable initiatives was a conversion from the incandescent light bulb to LED light where we are probably the world’s largest in terms of the rollout of LED. That has saved the country US$6-$7 billion dollars of consumers and saved 80 million tonnes of carbon emission and contributed to making the world a safer place to live in,” Goyal said.
He elaborated, “As a leading agri-producer, we are taking significant efforts to promote the biofuels. Now, food grains waste and sugarcane are converted into ethanol in a big way, with the ethanol blending programme making rapid strides.
“It used to be 1% then, this year between 9-10% and next 2 years we hope to take the blending to 20%, to reduce our dependence on import of crude oil and make our petrol vehicle more sustainable and support efforts towards net-zero by 2070.” fiinews.com
