US, Brazil to join India led Biofuels Alliance

During the G20 meeting, India is to launch the International Biofuel Alliance just like the International Solar Alliance. To this, the USA and Brazil have agreed to back India. India has been taking lead in several such emission reduction initiatives. The country allocated 4.3 billion USD during the 2023-24 Budget to accomplish its net-zero targets.

The objective of the Bio-fuel alliance

To boost the production of Biofuels

Significance of Brazil and the US

The two countries are the largest biofuel markets in the world. The US ranks number one and Brazil is in second position in Biofuels. They lead in biodiesel and ethanol production. Together they accounted for 84% of the world’s ethanol production and 26% of the world’s biodiesel production.

India’s Biofuel Goals

India has set a target of achieving 20% ethanol blend in gasoline by 2025. In 2018, India launched the National Biofuel Policy. Since then India has been increasing its ethanol blend. In 2013, ethanol blending was 0.67% in the country. In 2022, it increased to 10%. Brazil has achieved 100% ethanol fuels. Apart from biofuels, India is also focusing on bringing the Hydrogen hubs. The State of Kerala has allocated a major share in the 2023-24 budget to establish a hydrogen hub in Thiruvananthapuram. The state is to lead the country in establishing such hubs.




Latest E-Books