Explained: Why is govt focussed on creating a global biofuel alliance?

The United States and Brazil has been among the early proponents of the alliance

Establishment of a global biofuel alliance is a key policy objective for India as part of its G20 presidency. Union Petroleum Minister Hardeep Singh Puri has said New Delhi will formally launch a global alliance on biofuels with like-minded nations, before the G20 leaders’ summit is held in September, later this year.

At a time when the global energy policy landscape is being redrawn in the aftermath of the war in Ukraine, Business Standard takes a deep dive into India’s ambitious plans to set up a new international alliance.

What are biofuels?

Unlike other renewable energy sources, biomass can be