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Thursday, May 23, 2024

‘Global biofuel alliance’ launched by PM Modi, other G20 leaders urged to join initiative


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On Saturday, September 9, during the first day of the G20 Summit in New Delhi, Prime Minister Narendra Modi launched the Global Biofuel Alliance, and invited other world leaders to join the initiative. This initiative has been launched to help accelerate energy transition. Bharat, which is the world’s third biggest oil consumer, has launched the alliance mirroring the International Solar Alliance (ISA), piloted by New Delhi and Paris back in 2015, to bring clean and affordable solar energy, within the reach of all.

Biofuel is a renewable energy source derived from biomass. India imports 85 percent of its crude oil needs, and is gradually building its capacity to produce fuel from items like crop stubble, municipal solid waste, and plant waste. Dozens of compressed biogas plants are also being set up in the country, with India’s aim of doubling the mixing of ethanol extracted from sugarcane and agricultural waste to 20 percent with petrol by the year 2025.

The aim of the Global Biofuel Alliance is to facilitate cooperation and to intensify the use of sustainable biofuels, including in the transportation sector. The alliance’s focus is primarily on strengthening markets, facilitating global biofuel trade, developing concrete policy lesson-sharing, and providing technical support for national biofuel programmes, worldwide.

This initiative will also help India to transition to alternative fuel sources, and cutting its import bills, as it seeks to achieve its net zero carbon emissions goal by the year 2070.

Sonakshi Datta
Sonakshi Datta
Journalist who wants to cover the truth which others look the other way from.

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