Which of the following policy was recently approved by Union Cabinet?

Solution

· The Union Cabinet recently approved the National Biofuel Policy-2018 with several amendments, major being advancing the blending target of 20% blending of ethanol in petrol to 2025-26 from 2030 earlier. · The policy was drafted to help in meeting the target of reducing import dependence on fossil fuels by 10 per cent from 2014- 15 levels by the year 2022. · This target is to be achieved by adopting a five-pronged strategy which includes, increasing domestic production, adopting biofuels & renewable, energy efficiency norms, improvement in refinery processes and demand substitution. · The amendments have also called for adding more members to the National Biofuel Coordination Committee (NBCC), which is chaired by the union minister of petroleum and natural gas and has members from 14 other ministries.