GBA aims to position biofuels as a key to energy transition
The Global Biofuel Alliance (GBA) is expected to provide additional opportunities to Indian industries in the form of exporting technology and equipment, generating employment and skill development.
Minister of State in the Petroleum and Natural Gas Ministry Rameswar Teli gave this assurance to Rajya Sabha in a written reply on 18 Dec 2023.
To strengthen global cooperation for rapid adoption and deployment of biofuels, GBA was launched on 9 Sept 2023, on the sidelines of the G20 Summit in New Delhi with the support of 19 countries and 12 international organizations, he said.
The GBA is a multi-stakeholder alliance of Governments, International Organizations and Industries, bringing together the biggest consumers and producers of biofuels and interested Countries from Global South to drive development and deployment of biofuels.
The initiative aims to position biofuels as a key to energy transition. The GBA intends to expedite the global uptake of biofuels through facilitating capacity-building, providing technical support for national programs, sharing of best practices and promoting technology advancements, with the participation of a wide spectrum of stakeholders, said Teli.
The GBA is also expected to act as a central repository of knowledge and an expert hub, said the Minister. Fiinews.com
