Global Biofuels Alliance, launched by PM Narendra Modi at G20 Summit in New Delhi, is gaining momentum & inspiring industry leaders, entrepreneurs around the world, said Union Minister Hardeep Singh Puri.
In a tweet, he said, “The Global Biofuels Alliance, an India-led initiative that aims to facilitate wider and faster adoption of biofuels, launched by PM @narendramodiJi at #G20Summit2023 in New Delhi is gaining momentum & inspiring industry leaders & entrepreneurs around the world. Biofuels & other such alternative sources of green energy are the drivers of India’s journey towards energy sufficiency.”
“India is at one of the best times for biogas or biofuel to get a big push. The government is increasing ethanol blending to 20%, & there are many other promising biofuel technologies in development,” he further added.
Union Minister also applauded Bengaluru-based Sea6 Energy, which aims to convert seaweed into biofuels & biodegradable plastics. He also mentioned that Arka Brenstech extracts carbon dioxide (CO2) from biogas for industrial users & GPS Renewables, another company produces BioUrja, which is a captive technology & processes on-site food waste into biogas. These ideas will inspire others to follow their lead & explore more such sources that can be tapped to accelerate the green energy journey.
The Global Biofuels Alliance, an India-led initiative that aims to facilitate wider and faster adoption of biofuels, launched by PM @narendramodi Ji at #G20Summit2023 in New Delhi is gaining momentum & inspiring industry leaders & entrepreneurs around the world. Biofuels & other…
— Hardeep Singh Puri (@HardeepSPuri) November 22, 2023
With the inclusion of the Philippines and Tanzania, the GBA’s membership has now reached 21 countries. This comprises seven G20 countries, four G20 invitee countries, and ten non-G20 nations. The G20 member countries encompass Argentina, Brazil, Canada, India, Italy, South Africa, and the US, while G20 invitees include Bangladesh, Singapore, Mauritius, and the UAE. The non-G20 countries in the alliance comprise Iceland, Kenya, Guyana, Paraguay, Seychelles, Sri Lanka, Uganda, and Finland.
The GBA is a consortium of governments, international organizations, and industries, introduced as an initiative by India during its presidency of the G20. Its core purpose is to unite the most significant consumers and producers of biofuels to drive the development and deployment of biofuels.
The alliance aims to boost demand and technology transfer for the production of biofuels and to enhance trade. It is seen as a way for India to cut its import dependence on fuel and to reduce its carbon emissions.
The alliance, which is being conceptualized by India, have the United States and Brazil as its founding members.
India is targeting to become carbon neutral by 2070 and is expanding the use of biofuel in its transport sector. It has advanced the deadline by five years to 2025 for doubling nationwide ethanol blending in petrol to 20 per cent.
