|GBA Established:||9th September 2023.|
|GBA Headquarters:||No Headquarters.|
|GBA Members:||9 permanent members and 2 observer states.|
|GBA Objective:||To promote Biofuels.|
|Organization Type:||governmental organization.|
Global Biofuels Alliance is an intergovernmental group of countries which promotes to use and creation of biofuels. Biofuels decrease the dependency on petroleum products and reduce carbon emissions for achieving sustainable development goals.
Biofuels refer to renewable fuels derived from biomass from plants or agricultural, animal, domestic, and industrial biowaste. Biofuels are significantly cleaner than the conventional fossil fuels.
The USA and Brazil are the global leaders in biofuels and account for 52 per cent and 30 per cent of global ethanol production, respectively.
The Global Biofuels Alliance was established on 9th September 2023 in New Delhi, India on the sidelines of the 18th G20 Summit.
The main objectives of the GBA are to facilitate international cooperation and intensify the use of sustainable biofuels, along with facilitating global biofuels trade and technical support for biofuel programmes.
There is no headquarters of Global Biofuels Alliance as it is a newly formed group, however in future a headquarters can be established for better coordination.
India proposed the idea to form an alliance to promote biofuels and got support from the USA and Brazil at the sidelines of the 18th G20 summit in New Delhi.
The Global Biofuels Alliance has been initiated by 9 permanent members and 2 observer states. The nine permanent members are Argentina, Bangladesh, Brazil, India, Italy, Mauritius, South Africa, The UAE, and The USA. The two observer states are Canada and Singapore.
There are a total of 19 countries and 12 international organisations that have already agreed to join the GBA soon. Some of the important international organisations which agreed to join the GBA are the World Bank, Asian Development Bank, World Economic Forum, International Energy Agency, International Energy Forum, International Renewable Energy Agency, and International Civil Aviation Organization.