COST BENFIT ANALYSIS OF BIODIESEL

K. Sridevi*1

Affiliations
*1Head, Department of Commerce, Mahatma Gandhi University, Nalgonda -508001. Telangana, India.

ABSTRACT

Countries have their own priorities and vision for growth. Energy, however, remains the mainstay for all
civilized world. Oil (fossil fuel) provides energy for 95% of transportation in India and the demand for
transport fuel continues to rise. The domestic supply of crude oil will satisfy only about 22% of this
demand and the rest will have to be met from imported crude. India’s vehicular pollution is estimated to
have increased eight times over the last two decades. This source alone is estimated to contribute about 70
per cent to the total air pollution. With 243.3 million tons of carbon released from the consumption and
combustion of fossil fuels in 1999, India ranked fifth in the world behind the U.S., China, Russia and
Japan. With the shortage of Petro diesel, its soaring prices, and increasing pollution hazards the world is
going the Bio-Diesel way and India is no exception. Bio-diesel can be produced by using vegetable oils.
Given the shortage of edible oils, India cannot afford to utilize edible vegetable oil or even used vegetable
oil for fuel. However, cultivation for oil in degraded, waste, abandoned and abused lands will provide
sustainability, employment generation, and much needed oil to replace fossil fuels. Out of the 100
different plant species the best source of producing bio-diesel is Jatropha Curcus / Pongamia Pinnata, a
plant that grows well mainly in tropical climate.

KEYWORDS
Cost Benefit; Analysis; Bio Diesel; Non Conventional; Energy; Resource.
JEL CLASSIFICATION
B0, I3, G4, Y0, Z0
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