What is the News ?

The Prime Minister of India recently declared the establishment of the Global Biofuels Alliance.

Facts About:

• The Global Biofuels Alliance is an initiative led by India that aims to bring together governments, international organizations, and industry to promote the use of biofuels.
• So far, 19 countries and 12 international organizations, including G20 members and non-members, have joined this alliance.

                     India, Brazil, and the US are its founding members.

• The alliance's main goal is to encourage the use of sustainable biofuels, especially in transportation.

Why it matters:

• The alliance will focus on strengthening markets, promoting global biofuels trade, sharing practical policy lessons, and providing technical support for national biofuels programs worldwide.
• It will support the development and use of sustainable biofuels through capacity-building, technical assistance, and knowledge sharing.
• The alliance will create a virtual marketplace to connect industries, countries, and technology providers involved in biofuels.
• Additionally, it will work on establishing internationally recognized standards and regulations to promote biofuels adoption and trade.