State the aim of Global Biofuels Alliance.
Answer: Itaims to expedite the global uptake of biofuels, especially in thetransportation sector.
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About the Global Biofuels Alliance (GBA):
- It is an alliance 19 countries and 12 international organizations that aims to expedite the global uptake of biofuels, especially in the transportation sector.
- It was launched in 2023 under India’s G20 presidency.
- The alliance brings together major biofuel producers and consumers, such as the US, Brazil, and India.
- The GBA will help strengthen global biofuels trade for a greener and sustainable future.
- GBA will facilitate transfer of technologies and mobilization of international climate funds towards greener technologies.
- It will accelerate progress in the compressed biogas sector and 3rd generation ethanol plant capacities.
- It will help enhance markets, support global biofuel trade, and share policy insights to national biofuel programs worldwide.
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