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GBA hosts roundtable on ‘Setting up common definition for sustainable biofuels to accelerate biofuels adoption’

The Global Biofuels Alliance (GBA) hosted a COP29 roundtable to establish unified standards for sustainable biofuels, emphasizing diverse feedstocks and policy coordination. Led by India, GBA unites governments, organizations, and industries to boost biofuel adoption, trade, and technology transfer. Launched at the G20 Summit, it aims to advance green energy, cut emissions, and promote economic growth globally.

The Global Biofuels Alliance (GBA) hosted a roundtable discussion titled “Setting Up Common Definitions for Sustainable Biofuels to Accelerate Biofuels Adoption” at the GBA Pavilion during the COP29 climate conference in Azerbaijan. The event was chaired by the Indian Directorate General of GBA (IDG) and brought together policymakers from the USA, Brazil, and over 15 global biofuels leaders. The roundtable aimed to foster collaboration and accelerate the adoption of sustainable biofuels worldwide.

During the discussions, participants stressed the importance of establishing unified standards and definitions for sustainable biofuels. They also emphasized the need to support diverse feedstocks and technological pathways, alongside enhancing global policy coordination. The conversation concluded with a recognition of the pivotal role the GBA can play in defining what constitutes sustainable biofuels. Attendees also commended the GBA’s efforts to strengthen the role of biofuels in the green energy transition.

The GBA is a multi-stakeholder initiative led by India, the G20 Chair, and unites governments, international organizations, and industry leaders. The alliance brings together the world’s largest biofuel producers and consumers to promote the development and deployment of biofuels. Its mission is to position biofuels as a vital component of the global energy transition, while driving job creation and economic growth.

Launched by Prime Minister Narendra Modi at the G20 Summit in New Delhi, the GBA is quickly gaining momentum and inspiring industry leaders and entrepreneurs across the globe.

The key goals of the GBA include increasing global demand for biofuels, facilitating the transfer of production technologies, and promoting biofuel trade. The alliance also aims to help India reduce its dependence on fuel imports and cut its carbon emissions.

Countries and organizations already committed to the GBA include:

G20 Members (8 countries):

  1. Argentina
  2. Brazil
  3. Canada
  4. India
  5. Italy
  6. Japan
  7. South Africa
  8. USA

G20 Invitee Countries (4 countries):

  1. Bangladesh
  2. Mauritius
  3. Singapore
  4. UAE

Non-G20 Countries (13 countries):

  1. Burundi
  2. Finland
  3. Guyana
  4. Hungary
  5. Iceland
  6. Kenya
  7. Panama
  8. Paraguay
  9. Philippines
  10. Seychelles
  11. Sri Lanka
  12. Tanzania
  13. Uganda

International Organizations (12 organizations):

  • Asian Development Bank
  • World Economic Forum
  • World LPG Organization
  • UN Energy for All
  • UNIDO
  • Biofutures Platform
  • International Civil Aviation Organization (ICAO)
  • International Energy Agency (IEA)
  • International Energy Forum (IEF)
  • International Renewable Energy Agency (IRENA)
  • World Biogas Association
  • The World Bank

Source Link : Bio Energy Times

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