India is one of the fastest growing economies in the world and will continue to enjoy the demographic dividend for few decades. The Development Objectives focus on Samavesh - Inclusion, shared vision of National development, technology upgradation & capacity building, economic growth, equity and human well-being.
Energy is a critical input towards raising the standard of living of citizens. The energy strategy of country aims to chart the way forward to meet the Government’s recent ambitious announcements in the energy domain such as electrification of all census villages by 2019, 24x7 electricity & 175 GW of renewable energy capacity by 2022, reduction in energy emissions intensity by 33%-35% by 2030 and share of non-fossil fuel based capacity in the electricity mix is aimed at above 40% by 2030.
Even if there is likely expansion in the energy contribution of oil, gas, coal, renewable resources, nuclear and hydro in the coming decade, fossil fuels will continue to occupy a significant share in the energy basket. However, conventional or fossil fuel resources are limited, non-renewable, polluting and, therefore, need to be used prudently. On the other hand, renewable energy resources are indigenous, non-polluting and virtually inexhaustible.
India is endowed with abundant renewable energy resources. Therefore, their use should be encouraged in every possible way. This National Policy on Biofuels - 2018 builds on the achievements of the earlier National Policy on Biofuels and sets the new agenda consistent with the redefined role of emerging developments in the Renewable Sector.
Date: 8 June, 2018