Circular Economy that connects
Rural and Industrial Economies
Technology
Agriculture crop residue, food waste, and any other form of organic waste, (in general, “biomass”) has potential to be used for producing energy. Biomass can be effectively converted to biomass based power or biofuel. Generating biofuel also produces useful by-products such as biofertilizers.
India, by some estimates has 235 million MT of surplus crop residue. 100% utilization of this surplus crop residue can potentially lead to providing 17% of country's energy needs, creating additional source of income for farmers and creation of jobs in rural and industrial sectors.
More about bioenergy
Economy
The cycle farm - fuel - fertilizer refers to farmers generating biomass and consuming the products created from biomass. This includes biofuels and fertilizers. "From the fields and back into the fields." Biofuels are one of the best alternatives to petrol and diesel, considering they leave a lesser carbon footprint and eliminate crop-burning driven pollution. Going forward this would help us in reducing our dependence on the imported fuel.
Many new business opportunities would surface in the rural and urban locations with the bioenergy supply chain getting organized. Growth of the existing businesses will mean generating more employment. Our economy stands to gain several benefits from this new concept.
Environment
The production of bioenergy leaves the environment with better air quality. Biofuels are biodegradable. The carbon dioxide (CO2) released from biomass during the production of bioenergy is from carbon that circulates in the atmosphere in a loop through the process of photosynthesis and decomposition. Hence, the production of bioenergy does not add extra (CO2) to the atmosphere like fossil fuels. Biofuels reduce greenhouse gas emissions and are a renewable source of energy. They are used to generate heat and electricity.
Social
An organized and strengthened Bioenergy supply chain would enable employment generation across rural and urban locations. From small-time farmers to industries, business growth will drive employment generation. The new businesses will further add to this impact. An additional source of income will help raise living standards for many. The transparent marketplace will bring in fair trade practices creating win-win business transactions. This is setting a new tone in the conventional business.
Local Jobs
Rural Economy
Energy Security
