Published on: May 11, 2024
GLOBAL BIOFUEL ALLIANCE (GBA)
GLOBAL BIOFUEL ALLIANCE (GBA)
NEWS – The Global Biofuel Alliance (GBA) has adopted a work plan focused on assessing country landscapes, drafting policy frameworks, and conducting biofuel workshops
HIGHLIGHTS
- Work Plan Focus:
- Assessing country landscapes to understand biofuel potential and challenges.
- Drafting policy frameworks to support biofuel trade and adoption.
- Conducting biofuel workshops to increase awareness and support mechanisms.
- India proposes workstreams to enhance biofuel trade, awareness, and adoption support.
- Global Engagements and Outreach:
- GBA actively participates in global forums like UN COP28, WEF Davos, and India Energy Week.
- Engagements at G7 meetings and alliances with Italy and the United States in the GBA.
- Focus on positioning India as a climate champion, advocating biofuel adoption in lower-income countries
GLOBAL BIOFUEL ALLIANCE (GBA)
- Formation and Objectives:
- GBA is a collaborative effort launched during the 2023 G20 summit by India to promote biofuel development.
- Aims to position biofuels as a pivotal component in the global energy transition, contributing to economic growth and job creation.
- Significance and Key Focus Areas:
- Emphasizes strengthening markets, facilitating global biofuels trade, sharing policy lessons, and providing technical support for national biofuels programs.
- Focuses on capacity-building, technology advancements, and sustainable biofuel utilization across the value chain.
- Facilitates the development and adoption of internationally recognized standards, sustainability principles, and regulations to incentivize biofuel adoption and trade.
- Membership and Participation:
- Includes 24 countries and 12 international organizations committed to driving biofuel adoption globally.
- Acts as a central repository of knowledge and expertise, supporting stakeholders across the biofuel sector.
BIOFUELS
- Definition and Types:
- Biofuels are fuels derived from biomass over a short timeframe, offering an alternative to fossil fuels.
- Categorized into first, second, third, and fourth generations based on their production sources and sustainability.
- Generations of Biofuels:
- First Generation: Utilizes sugar, starch, vegetable oil, or animal fats; examples include Bioalcohols, Biodiesel, and Biogas.
- Second Generation: Derived from non-food crops and waste biomass, such as cellulosic biofuels like biohydrogen and biomethanol.
- Third Generation: Produced from micro-organisms like algae, offering high potential for sustainable biofuel production.
- Fourth Generation: Focuses on sustainable energy production and CO2 capture and storage, representing an advanced stage of biofuel technology.
- India’s Biofuel Potential and Contribution:
- India aims to rectify low global biofuel procurement despite being a major producer of ethanol.
- IEA projects significant growth in biofuels by 2050, offering India a substantial opportunity.
- India’s participation in GBA aligns with its biofuel production capabilities and sustainability goals.