Introduced in the year 2009, the current edition of the National Policy on Biofuels was approved by the Union Cabinet in May 2018. The policy is aimed at taking forward the indicative target of achieving 20% blending of biofuels with fossil-based fuels by 2030.
At present, apart from being highly dependent on non-renewable fuel sources, India is also largely reliant on imported crude oil to fulfil domestic consumption requirements. Moreover, according to the Ministry of New and Renewable Energy (MNRE), fluctuating crude oil prices in the world market majorly affect developing countries.
The government has set some ambitious goals for the energy sector which include electrification of all census villages by 2019, 24×7 electricity and 175 GW of renewable energy capacity by 2022 Read More
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