The Global Biofuel Alliance is one of the priorities under India’s G20 Presidency.
New Delhi:
Prime Minister Narendra Modi on Saturday said the launch of the Global Biofuels Alliance marks a watershed moment in India’s quest towards sustainability and clean energy.
“The launch of the Global Biofuels Alliance marks a watershed moment in our quest towards sustainability and clean energy. I thank the member nations who have joined this Alliance,” PM Modi wrote on ‘X’ formerly Twitter on Saturday.
PM Modi on Saturday launched the Global Biofuels Alliance in the presence of US President Joe Biden, President of Brazil Luiz Inacio, President of Argentina, Alberto Fernández and Prime Minister of Italy Giorgia Meloni.
The Global Biofuel Alliance is one of the priorities under India’s G20 Presidency.
Brazil, India, and the United States, as leading biofuel producers and consumers, will work together during the next few months towards the development of a Global Biofuels Alliance along with other interested countries.
This Alliance will be aimed at facilitating cooperation and intensifying the use of sustainable biofuels, including in the transportation sector. It will place emphasis on strengthening markets, facilitating global biofuels trade, developing concrete policy lesson-sharing and providing technical support for national biofuels programs worldwide.
It will also emphasize the already implemented best practices and success cases.
The Alliance shall work in collaboration with and complement the relevant existing regional and international agencies as well as initiatives in the bioenergy, bioeconomy, and energy transition fields more broadly, including the Clean Energy Ministerial Biofuture Platform, the Mission Innovation Bioenergy initiatives, and the Global Bioenergy Partnership (GBEP).
GBA will be a competent organisation that will set technical standards for Sustainable Aviation Fuel (SAF) business in collaboration with relevant industry bodies.
The alliance will have a three-category membership structure bringing together member countries, partner organisations and industries.
The alliance will work towards enhancing global collaboration and cooperation for the accelerated adoption of biofuels by identifying global best practices for the development and deployment of sustainable biofuels and bioproducts.
Nineteen countries agreed to stand with India as initiating members of the Global Biofuels Alliance.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)