Indian Economy News

India to pitch for international biofuels alliance at G20, says Mr. Hardeep Singh Puri

  • IBEF
  • December 1, 2022

India intends to propose for a worldwide biofuels alliance similar to the extremely successful international solar coalition at the forthcoming G20 conference, according to Minister for Petroleum and Natural Gas, and Housing and Urban Affairs, Mr. Hardeep Singh Puri. The International Solar Alliance (ISA) was founded on November 30, 2015, by India and France, to meet the particular energy demands of solar resource-rich countries.

India will preside over the Group of 20 major economies, generally known as the G20, and will host a gathering of the member countries in September of next year. With countries ranging from Brazil to the US producing biofuels, the alliance hopes to create an ecosystem for fuel standards and engines, as well as collaboration on technology for rapid adoption. He stated that India is already utilising fuel combined with 10% ethanol generated from sugarcane and other agricultural goods (90% petrol, 10% ethanol). India, the world's third largest oil consumer and importer, is now pushing for increased use of biofuels derived from sugarcane, cereals, and agricultural waste to reduce reliance on crude oil.

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