Tag Archives: National Center for Applied Economic Research
India’s new biofuels policy has been the talk of the town.
First the Indian government releases its new biofuels policy setting a target of 20% ethanol and 20% biodiesel blending by 2017. The policy is questionable because as we all know, India is already suffering an inflation in food prices. While the new policy requires fuel crops are to be grown only on “waste lands”, we all know that Indian farmers work in their own economic interest. If they get more money from oilseeds, then that’s what they will look to cultivate.