India approves new policy to promote biofuels

24 Dec 09

In a bid to promote cost-effective clean energy sources, India on Thursday approved a new policy that calls for blending at least 20 
percent biofuels in diesel and petrol by 2017, apart from extending incentives to encourage its production in wastelands. The policy endeavours to facilitate and bring about optimal development and utilisation of indigenous biomass feedstock for production of biofuels," an official statement said, after a meeting of the cabinet presided over by Prime Minister Manmohan Singh. "The Indian approach to biofuels is based solely on non-food feedstock to be raised on degraded or wastelands that are not suited to agriculture, thus avoiding a possible conflict of fuel versus food security," the statement added.
http://economictimes.indiatimes.com/news/economy/policy/India-approves-new-policy-to-promote-biofuels/articleshow/5374944.cms

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