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India invites Global South to join biofuel alliance

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India invites Global South to join biofuel alliance

  • Recently, India extended an invitation to Global South countries to join the Global Biofuels Alliance (GBA), emphasising the willingness to share biofuel expertise.

Global Biofuels Alliance

  • The GBA, launched at the G20 leaders meeting, aims to reduce emissions in transportation and industrial sectors.
  • The GBA, inclusive of top producers Brazil and the US, seeks to establish a global market for biofuel trade derived from biomass.

Biofuel Achievements in India

  • India achieved its target of blending 10% ethanol in petrol by May 2022, five months ahead of the deadline.
  • India has advanced its goal for 20% ethanol blending in petrol to 2025, demonstrating a commitment to sustainable energy practices.

Impact of Biofuel

  • Biomass conversion into fuel provides an additional income source for farmers in India.
  • Achieving 10% ethanol blending resulted in
    • A payment of USD 8.7 billion to farmers
    • A reduction of over 40 million metric tonnes of carbon dioxide emissions in the last nine years.

India's Renewable Energy Leadership

  • India has become the world's largest producer of renewable energy, with 40% of its installed electricity capacity sourced from non-fossil fuel.
  • Solar tariffs have significantly decreased, making renewable energy more accessible.
  • India launched the National Green Hydrogen Mission with a goal of producing 5 million tonnes by 2030.
    • Positioning India as a global hub for green hydrogen production, usage, and export.
  • India’s Goals
    • Achieve net-zero emissions by 2070.
    • Non-fossil energy capacity of 500 GW
    • Meet 50% of its energy requirements from renewable sources by 2030.

Energy Transition Strategy

  • India adopts a pragmatic approach to energy policy diversification, focusing on non-conventional sources.
    • Such as biofuels, compressed biogas, green hydrogen, solar, and wind.
  • The government emphasizes policy reforms to enhance energy security while mitigating climate change.

Collaborative Solutions

  • Achieving energy transition is contingent on global partnerships.
  • A collaborative approach will result in optimal resource distribution, technological partnerships and best practice sharing.

Prelims Takeaway

  • National Green Hydrogen Mission
  • Global Biofuel Alliance
  • Renewable Energy

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