Explanation:
The Global Biofuel Alliance (GBA) was launched during the 18th G20 Summit (also known as the G20 New Delhi Summit), which was hosted by India on September 9, 2023. Prime Minister Narendra Modi announced the alliance on the sidelines of the summit in the presence of leaders from several major economies, including the United States, Brazil, Italy, and Argentina. Key Highlights of the Global Biofuel Alliance: Founding Members: India, Brazil, and the United States—who together account for approximately 85% of global ethanol production and 81% of its consumption—are the key driving forces behind the initiative. Primary Objective: To accelerate the global adoption of biofuels by facilitating technology transfers, creating robust standards and certifications, and promoting sustainable biofuel use as a clean energy alternative. Membership: As of its launch, the alliance saw support from 19 countries and 12 international organizations (such as the World Bank and the International Energy Agency). Significance for India: The alliance aligns with India’s domestic goals, such as the National Policy on Biofuels, which targets 20% ethanol blending in petrol by 2025.