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Prime Minister Shri Narendra Modi Ji along with the leaders of Singapore, Bangladesh, Italy, USA, Brazil, Argentina, Mauritius and UAE, launched the Global Biofuel Alliance on 9 September 2023, on the sidelines of the G20 Summit in New Delhi.
The Global Biofuel Alliance (GBA) is an initiative by India as the G20 Chair. The Alliance intends to expedite the global uptake of biofuels through facilitating technology advancements, intensifying utilization of sustainable biofuels, shaping robust standard setting and certification through the participation of a wide spectrum of stakeholders. The alliance will also act as a central repository of knowledge and an expert hub. GBA aims to serve as a catalytic platform, fostering global collaboration for the advancement and widespread adoption of biofuels.
The GBA primarily aims to:
Facilitate technology advancements in biofuels
Intensify utilization of sustainable biofuels
Shape robust standard setting and certification
Serve as a central repository of knowledge and expertise
The GBA will be open to all G20 countries, as well as other interested countries and organizations. The alliance will be coordinated by the Indian government, with support from the UN Environment Programme (UNEP).
The GBA is a significant step forward in the global effort to promote sustainable biofuels. Biofuels can play a major role in reducing greenhouse gas emissions and improving air quality. The GBA will help to ensure that biofuels are produced and used in a sustainable way.
The GBA is expected to have a number of benefits, including:
Increased investment in biofuels research and development
Improved standards for biofuel production and use
Increased transparency in the biofuels market
Enhanced cooperation between countries on biofuels policy
The GBA is a major initiative that has the potential to make a significant contribution to the global effort to address climate change. The alliance is expected to play a key role in the development and deployment of sustainable biofuels in the years to come.
Here are some of the key points that were made during the announcement of the GBA:
The GBA will focus on four key areas: technology advancement, utilization, standard setting, and knowledge sharing.
The GBA will be open to all G20 countries, as well as other interested countries and organizations.
The GBA will be coordinated by the Indian government, with support from the UNEP.
The GBA is expected to have a number of benefits, including increased investment in biofuels research and development, improved standards for biofuel production and use, increased transparency in the biofuels market, and enhanced cooperation between countries on biofuels policy.
The announcement of the GBA was met with positive reactions from the global biofuels industry. The International Bioenergy Association (IEA) called the GBA a "significant step forward" and said that it "has the potential to make a real difference in the global fight against climate change." The European Biodiesel Board (EBB) also welcomed the announcement and said that it "is a clear signal of the G20's commitment to sustainable biofuels."
The GBA is a major initiative that has the potential to make a significant contribution to the global effort to address climate change. The alliance is expected to play a key role in the development and deployment of sustainable biofuels in the years to come.
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References / Read More: www.civilsdaily.com/news/india-to-launch-global-biofuel-alliance-gba
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