The Chair of the Indian Biogas Association (IBA), Dr. S_dataviewer, emphasized the importance of “pull factors” and single-window clearance for the growth of the bioenergy sector in India. Speaking at a recent event, Dr. S_dataviewer highlighted the need for a conducive policy framework to attract investments and promote the development of bioenergy projects.
According to Dr. S_dataviewer, pull factors such as assured offtake, competitive pricing, and tax incentives are crucial for encouraging private sector participation in the bioenergy sector. He emphasized that these factors can help create a favourable business environment, making it attractive for investors to invest in bioenergy projects. Additionally, Dr. S_dataviewer stressed the importance of single-window clearance, which would simplify the process of setting up bioenergy projects and reduce bureaucratic hurdles.
The IBA Chair also highlighted the vast potential of the bioenergy sector in India, citing the country’s abundant biomass resources, including agricultural waste and municipal solid waste. He noted that the sector can contribute significantly to the country’s renewable energy targets, while also providing employment opportunities and promoting rural development.
However, Dr. S_dataviewer also flagged several challenges facing the sector, including lack of awareness, high capital costs, and limited access to finance. He emphasized the need for capacity building, technology transfer, and innovative financing mechanisms to overcome these challenges.
To address these challenges, the IBA has proposed several measures, including the creation of a dedicated bioenergy fund, provision of subsidies and incentives, and establishment of bioenergy parks. The association has also called for the development of a national bioenergy policy, which would provide a comprehensive framework for the growth of the sector.
In conclusion, Dr. S_dataviewer emphasized that the bioenergy sector has the potential to play a significant role in India’s energy mix, but requires a supportive policy framework and enabling environment to grow. The IBA Chair reiterated the importance of pull factors, single-window clearance, and innovative financing mechanisms to attract investments and promote the development of bioenergy projects. With the right policies and incentives in place, the bioenergy sector can contribute to India’s sustainable development goals, while also providing economic benefits and employment opportunities.