CURRENT AFFAIRS
CURRENT AFFAIRS
Description
India recently become the world's third-largest producer and user of ethanol. This transformation is the result of significant policy reforms implemented by the Indian government to promote the use of biofuels and increase energy sustainability.
Government Efforts
The government has implemented a number of schemes to boost ethanol production, including financial incentives for sugarcane farmers and manufacturers. These initiatives attempt to increase the availability of ethanol for fuel blending, reduce reliance on fossil fuels, and help rural farmers.
Industry Conference
The India Sugar & Bio-Energy Conference was held in September 2024 and was organised by the Indian Sugar & Bio-Energy Manufacturers Association (ISMA). This symposium brought together politicians, industry executives, and other stakeholders to discuss the future of the sugar and bioenergy sectors.
Theme Of The Conference
This year's conference theme, "Harmonising Sweet Sustainability: Navigating India's Path to a Green Economy," is centred on creating sustainable practices in the sugar and bio-energy industries. It seeks to promote collaboration and innovation in the pursuit of environmentally friendly solutions.
Growth Opportunities
Participants anticipate that the conference talks and government policies would lead to new growth prospects in ethanol production, improved supply chains, and the promotion of sustainable farming techniques that align with India's green economy ambitions.
By focussing on ethanol, India aims to become a biofuels industry leader. This initiative contributes to energy security, environmental sustainability, and the agricultural economy.
About Ethanol
Ethanol, often known as ethyl alcohol, is a sustainable biofuel made from plants. It's utilised in drinks and as a solvent. Interestingly, ethanol has less energy than petrol, supplying around 67% of the energy when burned. During fermentation, yeast converts carbohydrates into ethanol and CO2. Ethanol has been used as a fuel since the 19th century and may be made from waste materials such as agricultural residues and organic waste.
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