Global Biofuel Alliance

Why is in news? Launch of the Global Biofuel Alliance (GBA)

Prime Minister Shri Narendra Modi 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.

This Alliance will be aimed at facilitating cooperation and intensifying the use of sustainable biofuels, including in the transportation sector.

India, the US and Brazil account for a total of 85 percent of the global ethanol production with the US holding 55 per cent share followed by Brazil 27 per cent and India 3 per cent.

Biofuel:

Biofuels are renewable energy sources derived from biomass, such as crop stubble, plant waste, and municipal solid waste.

Biofuels may be solid, liquid or gaseous in nature.

Solid: Wood, dried plant material, and manure

Liquid: Bioethanol and Biodiesel

Gaseous: Biogas