Explained: How Global Biofuels Alliance Will Help India
NDTV
India is increasing its production capacity of biofuels, a renewable energy source produced from organic matter.
A Global Biofuels Alliance to promote the use of sustainable biofuels was launched by Prime Minister Narendra Modi at the G20 Summit in New Delhi this weekend. PM Modi called on countries to join the alliance and set a global target of blending 20% ethanol with petrol.
India is increasing its production capacity of biofuels, a renewable energy source produced from organic matter. The country imports more than 85% of its crude oil requirements, so it is looking to reduce its reliance on imported oil by producing biofuels from domestic sources.
The alliance was launched to develop an alliance of governments, international organisations, and industries to promote the adoption of biofuels. The alliance aims to ensure the reliable and affordable supply of biofuels, while promoting sustainable production methods.
