iNDICA NEWS BUREAU-
India, Brazil and the United States, as leading biofuel producers and consumers in the world, will work together during the next few months towards the development of a Global Biofuels Alliance (GBA) along with other interested countries. The alliance will facilitate cooperation and intensify the use of sustainable biofuels, especially in the transportation sector.
The Global Biofuel Alliance is one of the priorities under India’s G20 Presidency and was announced by India’s Petroleum and Natural Gas Minister Hardeep Singh Puri during India Energy Week 2023. “It will emphasize 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,” an official release said on Saturday, February 11.
At the India Energy Week (IEW) 2023 Puri said the event was an ‘inflection point’ in the Indian energy sector’s evolution. IEW 2023 was held in Bengaluru from 6 to 8 February 2023 and attracted the participation of more than 35 foreign ministers including heads of international organizations, 500 international speakers, over 30,000 energy professionals, over 8000 delegates, and 700 exhibitors from more than 100 over 50 countries to discuss India’s pioneering approach in the energy sector.
At IEW 2023, India launched the Global Biofuel Alliance. Puri said that the alliance will help develop a favorable ecosystem for promoting the use of biofuels with key stakeholders including the US, Brazil, EU, IEA, Bio Future Platform, SIAM, ISMA as a clean mobility alternative.
The GBA will 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).
