Assessment of Biofuels Future in India: A review

Energy security is the constant availability and supply of affordable energy for consumers and industry. Risks to energy security include, for example, disruptions to the supply of imported fossil fuels, limited availability of fuel, and energy price spikes. The possibility of deriving biofuels from locally grown sources and using them as alternatives to petrol products is attractive for many countries, Like INDIA, which currently depends largely on fossil fuels. Investment in biofuels could lead to a significant boost in economic development, including the creation of new jobs and new sources of income for farmers. This would be of particular benefit to developing countries in which a large proportion of the population are employed in agriculture like ours. In INDIA, transport accounts for high greenhouse gas emissions. It is hoped that, with appropriate production methods, biofuels will produce significantly fewer greenhouse gas emissions than are currently produced by fossil fuels. This paper contains the requirement felt for energy security with the alternative ways to petrol products, Use of Biofuels will reduce the green house gas emissions as well as it will give a boost to the economy by providing a new dimension to the agriculture and will enhance the job opportunities as well. The apparent potential of biofuels will have a role so as to make an attractive biofuel policy to face the future challenges of energy security.