Energetica India Magazine October-November 2021

54 energetica INDIA- Oct-Nov_2021 India alone will need 9% world energy to feed its growth by 2035. This growth is coupled by multi-faceted challeng- es such as the waste generation, pollution, growing vehicles, oil imports, loss of foreign exchange, global warming that is unfavorably touching everyone. Energy is the foundation behind any country’s growth and development to give its inhabitants a quality life and re- sources. Today use of fossil fuel is ring- ing the alarm button as it has far reached effects owing to rising greenhouse gas, higher temperature & change in weather, crop failure, economic disruption, pollu- tion and diseases and ocean acidifica - tion. Moreover, oil and gas are expected to get exhausted in the next 50 years and coal will be finished in about next 100 years. Also, carbon emission is a major concern for both developing and devel- oped countries. Going by the numbers the global per capita carbon emission is at 4.17t per year which has serious re - percussions on health and environment. In a scenario where the world is strug- gling with many challenges to lead a bet- ter life, energy plays a significant role as it cuts across household, industrial and automobile sectors. Currently the world is using 10% of tradi - tional biomass, 8% of modern renewable & 2% nuclear sources to generate en - ergy. Transportation sector uses 96% of fuel which is non-renewable. It is expect- ed to shift to 58% renewable energy by 2050 which will include 22% of biofuels. Therefore, there is growing interest in clean energy in developing countries like India, ways of providing greater access to such energy like bio fuel and CBG to address energy costs, energy security and global warming concerns associat- ed with fossil fuels. India alone will need 9% world energy to feed its growth by 2035. This growth is coupled by multi-faceted challenges such as the waste generation, pollution, growing vehicles, oil imports, loss of for- eign exchange, global warming that is unfavorably touching everyone. The Government is therefore commit- ted to increase the use of clean energy sources and is already undertaking var- BIOFUELS Alternative Fuel is the Easiest Way to Meet the Growing Demand of Energy Dr. Piyush Dwivedi Founder and Chairman, NexGen Energia Ltd