India and Brazil’s role in the bio-economy (Live Mint Summary-26th Feb 2018)

www.iasinsights.in; www.iasgyaan.com posts Live mint summary about India and Brazil’s role in the bio-economy.

India and Brazil’s role in the bio-economy

http://www.livemint.com/Opinion/fX4qFoxOu2FanRNvB4noEP/India-and-Brazils-role-in-the-bioeconomy.html

Context:

  • Aim is for large scale, worldwide adaptation clean fuels as an alternative to carbon intensive sources such as petrol.

About the event:

  • On 26 and 27 February, New Delhi will host the International Conference on Sustainable Biofuels 2018 (ICSB 2018).
  • The conference is co-organized by the BioFuture Platform (BP) and Mission Innovation (MI), two coalitions of countries devoted to the advancement of renewable energy.

BP and MI:

  • BP focuses on scaling up the deployment of low-emission fuels such as ethanol and biodiesel.
  • MI promotes the development of innovative technology in various modalities of renewable energy sources.
  • At the intersection of both efforts, ICSB 2018 will house important debates around state-of-the-art research and development in the biofuels domain, including second- generation ethanol (E2G), bio-hydrogen and algae-based biodiesel.
  • Brazil and India (members of BP and MI).

The Brazilian biofuel programme: Started in the context of the 1973 oil crisis. At that time, the government decided to launch the “Proálcool” (Pro-alcohol) scheme in order to foster an indigenous ethanol-based transport industry that would reduce the country’s dependence on hydrocarbons.

In 2016, India inaugurated: Its first demonstration bio-refinery in Uttarakhand and that December, soon to be inaugural commercial plant was laid in Punjab.

  • In the research and development domain, centres led by the department of biotechnology have been making ground-breaking research in the field of algae-based biodiesel, cellulolytic enzymes and alcohol-producing bacteria.
  • As the Indian government prepares a new comprehensive biofuel policy, recent announcements of bold investment schemes for bio-refineries and additional research funds indicate a bright future for the country’s biofuel sector.

Conclusion:

  • The Indo-Brazilian partnership in biofuels comes in handy to show that low-carbon fuels are one of the most economic and socially optimal alternatives in the decades ahead.
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