GBA is an India-led Initiative to develop an alliance of Governments, International organizations and Industry to facilitate adoption of biofuels. Bringing together the biggest consumers and producers of biofuels to drive biofuels development and deployment, the initiative aims to position biofuels as a key to energy transition and contribute to jobs and economic growth.
Announcement of the GBA showcases the action oriented nature of India’s positive agenda as G20 President and representing the “Voice of the Global South’’.
GBA will support worldwide development and deployment of sustainable biofuels by offering capacity-building exercises across the value chain, technical support for national programs and promoting policy lessons-sharing. It will facilitate mobilizing a virtual marketplace to assist industries, countries, ecosystem players and key stakeholders in mapping demand and supply, as well as connecting technology providers to end users. It will also facilitate development, adoption and implementation of internationally recognized standards, codes, sustainability principles and regulations to incentivize biofuels adoption and trade.
19 countries and 12 international organisations have already agreed to join.
G20 countries supporting GBA: Argentina, Brazil, Canada, India, Italy, South Africa, USA
G20 Invitee Countries for supporting GBA: Bangladesh, Singapore, Mauritius, UAE
Non G20 countries supporting GBA: Iceland, Kenya, Guyana, Paraguay, Seychelles, Sri Lanka, and Uganda
International organizations: World Bank, Asian Development Bank, World Economic Forum, World LPG Organization, UN Energy for All, UNIDO, Biofutures Platform, International Civil Aviation Organization, International Energy Agency, International Energy Forum, International Renewable Energy Agency, World Biogas Association. GBA Members constitute major producers and consumers of biofuels. USA (52%), Brazil (30%) and India (3%), contribute about 85% share in production and about 81% in consumption of ethanol.
