Get our free app for a better experience

4.9
Install Now

International

International

What is the Global Biofuel Alliance?

17 Sep 2023 Zinkpot 178
What is the Global Biofuel Alliance?
  1. The Global Biofuel Alliance was launched by PM Narendra Modi on 9th September 2023 as he chaired the G20 2023 Summit in New Delhi.
  2. The GBA consists of 19 countries and 12 international organizations. Key G20 member countries supporting the alliance include Argentina, Brazil, Canada, India, Italy, South Africa, and the US. Four G20 Invitee countries supporting GBA are Bangladesh, Singapore, Mauritius, and the UAE.
  3. Additionally, eight non-G20 countries, including Iceland, Kenya, Guyana, Paraguay, Seychelles, Sri Lanka, Uganda, and Finland, are part of the alliance. International organizations such as the World Bank, Asian Development Bank, World Economic Forum, and others are also members.
  4. 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. 
  5. This Alliance will be aimed at facilitating cooperation and intensifying the use of sustainable biofuels, including in the transportation sector. 
  6. 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.
  7. 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).
  8. The GBA aims to:
    1. Promote Sustainable Biofuels: Support the development and deployment of sustainable biofuels globally.
    2. Capacity Building: Offer capacity-building exercises, technical support, and policy lessons-sharing.
    3. Virtual Marketplace: Create a virtual marketplace to map demand and supply, and connect technology providers with end users.
       

About author

zinkpot

Zinkpot

Ask Anything, Know Better

ASK YOUR QUESTION
अपना प्रश्न पूछें
VIEW MORE
Join Whatsapp Group