Decreasing oil production from almost all the oil reserves is attracting the world’s eyes towards renewable energy sources. The availability of oil, the key fossil fuel of the last one hundred years, is peaking, and that production and availability is declining. However, demand for oil continues to grow. Rising energy consumption and environmental issues has now shifted the focus towards biofuel use, particularly in transportation. Food production and transport are particularly dependent on diesel engines and biodiesel is a crucial part of bringing energy security benefits to the global food supply. In times of international terrorism, there are heightened concerns about nuclear proliferation, and Energy Security argues that the future must belong to bio- energy. If we can achieve energy security we can not only free ourselves from dependence on fossil fuels - we can also realize environmental security and a whole host of other central developmental and poverty alleviation goals

In the midst of the most severe global financial crisis in decades, the CJP urged the international community to look for innovative solutions to avert a climate crisis. The renewable fuel may lead developing countries in reducing emissions from deforestation, improving energy efficiency, and transforming urban transport. Such an approach can simultaneously support economic recovery and encourage growth in areas that mitigate the impact of climate change. By promoting a shift towards low carbon economic activities, governments can not only help avoid dangerous climate change impacts but can also make the region more competitive, contributing to a faster recovery from the current economic slowdown. With oil prices falling, increased investments in green technologies are not going to be an easy sell. However, there is growing support from businesses, government and civil society for the idea that the crisis itself provides an opportunity to create incentives for a low carbon development path

The international energy agency recently issued a warning proclaiming that the era of cheap oil is over. It further went ahead to predict that crude oil prices would soon rebound to above $100 a barrel to trade, in real terms adjusted by inflation, at an average of more than $100 from 2008 to 2015. 
Demand for oil and crude prices may be falling with the economic slowdown, but that could well lead to a supply-side crunch in the next year or so, and that will push oil prices higher again. And that is the big challenge. The industry needs to be prepared for tomorrow, even in these uncertain times. If we do not act now, another round of price spiral may not be far off. Had we been equipped with biofuels, we would have been able to avert the economic crisis which has mainly been caused by high oil prices. Any biodiesel project proposal takes around 3-5 years to come into existence and starts positive cash flow. As such it is high time to plan and construct biodiesel industry and be prepared for any next financial slowdown

Global production of biofuels is growing steadily and will continue to do so despite financial slowdown. The world biofuel market’s value is likely to attain a CAGR of around 14.7% during 2006-2016. The rapid development of the global biodiesel industry has been closely observed by countries interested in stimulating economic growth, improving the environment and reducing dependency on imported oil. Developing Biofuels represents the most immediate and available response to at least five key challenges and opportunities:

1. Coping with depleting oil reserves
2. The need for oil-importing countries to reduce their dependence on a limited number of exporting nations by diversifying their energy sources and suppliers;
3. The chance for emerging economies in tropical regions to supply the global energy market with competitively priced liquid biofuels;
4. Meeting growing energy demand in developing countries, in particular to support development in rural areas;
5. And the commitments taken to reduce carbon-dioxide emissions as part of the battle against climate change ations that have embarked on a biofuel driven model for economic development need to evolve the right protocols and systems to plan and implement such initiatives in a sustainable manner. This would mean factoring the impact of competition for other land uses, such as production of food or other crops at the concept stage itself. Feedstocks for biofuel remain at the core of any biofuels venture. Biofuels offers new growth opportunities in many rural areas of developing countries, but it’s important to guarantee the livelihoods and well-being of the most vulnerable. We must ensure that the price of food does not impair the food security of the poor.

The emerging industry is facing a lack of feedstock supplies and needs initiatives in crop cultivation technologies and competitive sourcing of appropriate feedstock - all of which can alter the biofuel economics. As such the greatest challenges to the widespread deployment and use of biofuels is developing a dedicated energy crops that are cost-effective, easy to sustain and can produce greater yields. Such energy crop that produces biofuels and holds particular promise for sustainable development and a sustainable environment is Jatropha and other non-food crops. Since feedstock is the single largest cost component in biodiesel production, this considerably less expensive feed stock give the producers a significant cost advantage over producers use rapeseed and soybean oil. To break the link between biodiesel feedstock and food products; Jatropha and other non-food oil bearing crops are the cheapest and the viable business propositions

Given the realities of the biodiesel markets, a successful biodiesel business plan begins with an effective feedstock strategy from which process design flows. To make biodiesel a long-term business opportunity, attention must be to the critical issue of availability of right feedstock at right cost. Jatropha will be a vast source of biofuel and a key to reducing our dependence on fossil fuel Jatropha can bring significant environmental benefits. It can replace jet fuel and diesel from petroleum without interfering with food crops or leading to the clearing of forests. The good thing about Jatropha is that you're producing a tree shrub that lives for a long time and does its job, producing oil, while it also sequesters lots of carbon dioxide from the atmosphere

Jatropha is a valuable multi-purpose crop to alleviate soil degradation, desertification and deforestation, which can be used for bio-energy to replace petro-diesel, for soap production and climatic protection, and hence deserves specific attention

Jatropha can help to increase rural incomes, self-sustainability and alleviate poverty for women, elderly, children and men, tribal communities, small farmers. It can as well help to increase income from plantations and agro-industries.

There are various trees that are suitable for bio-diesel production. Out of all these trees, Jatropha must be regarded as a sure inclusion and the foundation around which a plan can be built if for nothing but its pure hardiness and stress handling ability. It is just a tree that has enough credentials. That is why the Planning Commission of India has nominated it as ideal plant for biodiesel.

Biodiesel produced from Jatropha is one of the most promising solutions for tackling the growing carbon emissions from transport

Rushing to turn food crops — maize, wheat, sugar, palm oil — into fuel for cars, without first examining the impact on global hunger, would be a recipe for disaster. Among the potential impacts identified are increasing food prices, increasing competition over land and forests, forced evictions, impacts on employment and conditions of work, and increasing prices and scarcity of water. That is why Jatropha was recently recommended as a biofuels crop for developing countries by UN Special Rapporteur on the right to food

Benefits to Developing countries

Wasteland Reclamation and Reforestation

Income generation from previously unusable areas

Provide huge opportunities from new sustainable and renewable land resources

And crops Creating employment Nursery development, soil preparation, irrigation systems, Plantation maintenance, seed collection, oil extraction and Refinery control

Benefit from the increased demand for employment in infrastructure, logistics and Transportation

Consider that 54 countries are poorer today than they were 15 years ago. And that almost half of the world’s people – the vast majority of them working people – live on less than two dollars per day. We have a responsibility to make renewable energy available and affordable to all…to ensure that the poorest countries in the world are not forced to choose between feeding their people and fueling their economies.

For example, crop yields in sub-Saharan Africa are projected to fall by 20 percent under global warming;

As yields fall and demand rises, Africa will become more dependent on expensive food imports. Already the poor in sub-Saharan Africa spend 60 to 80 percent of their total income on food – that compares to approximately 10 percent in the U.S.;

Climate change induced famine may displace more than 250 million people worldwide by 2050

Consider that oil priced at >$90 per barrel has had a disproportionate impact on the poorest countries, 38 of which are net importers and 25 of which import all of their oil;

Developing countries consume roughly twice as much oil per dollar of GDP as the United States

All the while, the high cost and Inaccessibility of fossil fuels, leaves approximately 2 billion people worldwide without reliable energy sources, without refrigeration, basic communication, heat, or even light.

For developing countries, then, climate change and world’s energy policies are a source of oppression, a source of sickness and a source of human suffering.

Since the two-thirds of the people in the developing world who derive their incomes from agriculture and Jatropha  based biodiesel has enormous potential to change their  situation for the better and poverty can be broken by Jatropha Cultivation as this dedicated crop has a huge potential for replication world -wide, improving the livelihood of many more.

 At the community level, farmers that produce dedicated energy crops can grow their incomes and grow their own supply of affordable and reliable energy

At the national level, producing more biofuels will generate new industries, new technologies, new jobs and new markets. At the same time, producing more biofuels will reduce energy expenditures and allow developing countries to put more of their resources into health, education and other services for their neediest citizens

India & other developing countries have the potential to be a leading world producer of diesel, but the rural farmers still need to get comfortable with the idea that diesel fuel can be "harvested," but they understand one thing very clearly that they can use Jatropha plants as a source of extra earnings by utilizing the land that was of no use.

Farmers need to know that there is going to be a good market for what they produce. We are very keen to build that confidence and promote Jatropha and other non-food oil crops cultivation by assisting planting, buying the seeds for refining and providing the refining technology to enable growers to make their own biodiesel."