India announced the establishment of the "Global Biofuels Alliance" at the G20

Indian Prime Minister Modi announced the establishment of the "Global Biofuels Alliance" at the G20 Summit , which is a milestone in the transformation of the global energy landscape . The first members include 19 countries including the United States, Brazil, Argentina, and Canada, as well as 12 international organizations. The alliance hopes to promote trade in biofuels produced from sources such as plants, animals, and agricultural waste, and accelerate global efforts to achieve net-zero emissions goals. .

The International Energy Agency ( IEA ) estimated in a July report that if the world's energy system is set to achieve net-zero emissions by 2050 , global sustainable biofuel production must triple by 2030 . India's efforts to promote the "Global Biofuels Alliance" are similar to the goals of the "International Solar Alliance ( ISA )" jointly launched by France and India in 2015 , which aims to provide everyone with access to clean and affordable energy. Solar energy.

President Murmu of India said that the extensive use of fossil fuels has caused the world to be affected by extreme climate, so greenhouse gas emissions need to be reduced as soon as possible. In response to this issue, when India served as the G20 rotating presidency, G20 countries committed to reducing greenhouse gas emissions by 43% by 2030 . This resolution is particularly important considering that G20 countries together account for approximately 80% of global emissions .

India is the third largest energy market in the world. Currently, fossil fuels account for about 60% of India’s overall power generation. In order to overcome climate change, India is working hard to develop green energy. Promoting the development of biofuels means that India will reduce its dependence on fossil fuels and achieve net zero. In efforts to achieve carbon emission targets, India has currently set a goal to meet 50% of its electricity demand through renewable energy in 2030 , and plans to achieve net-zero emissions in 2070 .

Caption: India is actively developing biofuels to get rid of its dependence on fossil fuels.

The current goals of the "Global Biofuel Alliance" include promoting international cooperation, developing biofuel markets, enhancing the use of sustainable biofuels in transportation, sharing policy experience and lessons, and providing technical support for national biofuel plans. Although the alliance's prospects Although promising, it also faces many challenges: issues such as technology confidentiality and technology transfer must be overcome; in addition, geopolitical competition with mainland China and Russia may create resistance to the expansion of member states; establishing a sustainable financing mechanism and solving the problems of biofuels Import restrictions are also a key obstacle ahead.