Context: Leaders of India, Singapore, Bangladesh, Italy, USA, Brazil, Argentina, Mauritius and UAE have launched Global Biofuel Alliance on the sidelines of G20 Summit in New Delhi.
About Global Biofuel Alliance (GBA)
- Global Biofuel Alliance is an initiative by India as the chair of G20 that aims to serve as a catalytic platform, fostering global collaboration for the advancement and widespread adoption of biofuels.
- It is an alliance of governments, international organisations and industry to facilitate adoption of biofuels.
- It brings together biggest consumers and producers of biofuels aiming to drive biofuels development and deployment and position biofuels as a key to energy transition and economic growth.
- Global Biofuel Alliance intends to expedite the global uptake of biofuels through:
- Facilitating technology advancements
- Intensifying utilisation of sustainable biofuels
- Shaping robust standard setting
- Certification through the participation of a wide spectrum of stakeholders.
- Facilitate mobilising a virtual marketplace to assist industries, countries, ecosystem players in mapping demand and supply and connecting technology providers to end users.
- Facilitate development, adoption and implementation of internationally recognised standards, codes, sustainability principles and regulations to incentivise biofuels adoption and trade.
- Act as a central repository of knowledge and an expert hub.
Partner countries and organisations of GBA
- 19 countries and 12 international organisations have already agreed to join the Global Biofuel Alliance.
- G20 member countries part of GBA: Argentina, Brazil, Canada, India, Italy, South Africa and USA.
- G20 invitee countries part of GBA: Bangladesh, Singapore, Mauritius & UAE
- Non-G20 supporting GBA: Iceland, Kenya, Guyana, Paraguay, Seychelles, Sri Lanka, Uganda and Finland.
- International Organisations: World Bank, Asian Development Bank, World Economic Forum, World LPG Organisation, UN Energy for all, UNIDO, Biofutures Platform, International Civil Aviation Organisation, International Energy Agency, International Energy Forum, International Renewable Energy Agency, World Biogas Association.
- GBA Members constitute major producers and consumers of biofuels. USA (52%), Brazil (30%) and India (3%) contribute about 85% of global production of ethanol and 81% of global consumption of ethanol.