The Ministry of Petroleum & Natural Gas has reported that Brazil, India, and the US are leading biofuel producers and consumers and will work together during the next few months towards the development of a Global Biofuels Alliance along with other interested countries.
This Alliance will be aimed at facilitating cooperation and intensifying the use of sustainable biofuels, including in the transportation sector. It will place emphasis on strengthening markets, facilitating global biofuels trade, development of concrete policy lesson-sharing and provision of technical support for national biofuels programs worldwide. It will also emphasise the already implemented best practices and success cases.
The Alliance shall work in collaboration with and complement the relevant existing regional and international agencies as well as initiatives in the bioenergy, bioeconomy, and energy transition fields more broadly, including the Clean Energy Ministerial Biofuture Platform, the Mission Innovation Bioenergy initiatives, and the Global Bioenergy Partnership (GBEP).
Recently, the Indian prime minister inaugurated India Energy Week 2023 in Bengaluru, Karnataka. The IEW is aimed to showcase India’s rising prowess as an energy transition powerhouse. As part of the event, he also launched ‘E20 fuel’ and flagged off green mobility rally organised by the Hindustan Petroleum Corporation Limited on behalf of oil and gas public sector undertakings and PLL.
