The Prime Minister launched the Global Biofuels Alliance (GBA) on 9 September, 2023 during the G20 Summit held in New Delhi. A total of 19 countries and 12 international organizations have so far agreed to join the alliance, including both G20 members and non-member countries. India, Brazil and the US are the founding members.
The Indian-conceptualized alliance is conceptualized as a forum to fuel demand and technology transfer for the production of biofuels and enhance trade. Furthermore, it would strengthen collaboration between producers, consumers and interested countries.
Other G20 member countries, namely, Argentina, Canada, Italy, and South Africa are supporting the initiative. Further, World Bank, Asian Development Bank (ADB), World Economic Forum (WEF), UN Energy for All, UNIDO, Biofutures Platform, International Civil Aviation Organization, International Energy Agency, are among the interested international and multilateral organizations.
The GBA's mission is to propel sustainable alternatives into the mainstream. The PM stated that this marks a watershed moment in the quest towards sustainability and clean energy.
The US, India and Brazil together contribute about 85 percent of the global production, as well as 81 percent of consumption of ethanol.
