Global Biofuels Alliance (GBA), launched by PM Narendra Modi at G20 Summit in New Delhi, is gaining momentum & inspiring industry leaders, entrepreneurs around the world.
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.
Let us check the member of countries and organizations that have already agreed to join the alliance:
22 countries and 12 international organizations have already agreed to join the alliance.
Eight G20 countries: 1. Argentina, 2. Brazil, 3. Canada, 4. India 5. Italy, 6. Japan 7. South Africa, 8. USA
Four G20 Invitee Countries: 1. Bangladesh, 2. Singapore, 3. Mauritius, 4. UAE
Ten non G20 countries: 1. Iceland, 2. Kenya, 3. Guyana, 4. Paraguay, 5. Seychelles, 6. Sri Lanka, 7. Uganda, 8. Finland, 9. Tanzania, 10. Philippines
Twelve International organizations: Asian Development Bank, World Economic Forum, World LPG Organization, UN Energy for All, UNIDO, Biofutures Platform, International Civil Aviation Organization, International Energy Agency, International Energy Forum, International Renewable Energy Agency, World Biogas Association, World Bank.
Also as per reports, Vietnam may also join Global Biofuels Alliance. With this, total number of countries to join GBA will become 23.
Indian government is also leaving no stone unturned to boost the ethanol production in country. India has set the target of achieving the 20 per cent ethanol blending by 2025.
