Global Biofuel Alliance: One of the priorities under India’s G20 Presidency

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Source: The post is based on the articleGlobal Biofuel Alliance: One of the priorities under India’s G20 Presidencypublished in PIB on 12th February 2023.

What is the News?

India, Brazil and the US as leading biofuel producers and consumers will work towards establishing Global Biofuels Alliance.

What is the Global Biofuels Alliance?

To be established by: India, Brazil and US

Aim: To facilitate cooperation and intensify the use of sustainable biofuels, including in the transportation sector. 

– The alliance will place emphasis on strengthening markets, facilitating global biofuels trade, development of concrete policy lesson-sharing and provision of 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 Global Bioenergy Partnership (GBEP).

What is Global Bioenergy Partnership(GBEP)?

Founded in: 2006 

Purpose: GBEP brings together public, private and civil society stakeholders in a joint commitment to promote bioenergy for sustainable development.

Focus areas: The Partnership focuses its activities on three strategic areas: Sustainable Development – Climate Change – Food and Energy Security

India is one of the observer countries.

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