What is the significance of the Bargarh ethanol bio-refinery project in India’s transition towards a green economy
Explain how the Bargarh ethanol bio-refinery project is poised to provide impetus to India’s drive towards a greener economy by facilitating the use of biofuels.
- The project aims to promote the use of alternative and renewable sources of energy, specifically biofuels, to reduce the dependency on fossil fuels.
- It is poised to boost the production of ethanol, which is a cleaner-burning fuel and can help reduce greenhouse gas emissions. This, in turn, can help India meet its commitments made under the Paris Climate Agreement.
- The project is expected to create job opportunities in the agriculture sector, particularly in rural regions, by providing a market for farm produce (such as sugarcane, corn, etc.) which can be used to produce ethanol.
- The use of biofuels can also help India save foreign exchange reserves as it is a renewable source of energy that can be produced domestically.
- By promoting the use of biofuels, the project can also help improve the air quality in the country, which is a major problem in many cities.
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