Global Biofuel Alliance (GBA) was announced during 2023 G20 New Delhi summit on 9 September 2023 [1] to promote the development and adoption of sustainable biofuels and set relevant standards and certification. [2] [3]
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Global Biofuel Alliance (GBA) was announced during 2023 G20 New Delhi summit on 9 September 2023 [1] to promote the development and adoption of sustainable biofuels and set relevant standards and certification. [2] [3]
The following is a list of member countries of the alliance: [4] [5]
22 countries and 12 international organizations have already agreed to join the alliance: [6]
Eight G20 countries: 1. Argentina, 2. Brazil, 3. Canada, 4. India 5. Italy, 6. Japan 7. South Africa, 8. USA
Four G20 Invitee Countries: 1. Bangladesh, 2. Singapore, 3. Mauritius, 4. UAE
Ten non G20 countries: 1. Iceland, 2. Kenya, 3. Guyana, 4. Paraguay, 5. Seychelles, 6. Sri Lanka, 7. Uganda, 8. Finland, 9. Tanzania, 10. Philippines
Twelve International organizations: Asian Development Bank, World Economic Forum, World LPG Organization, UN Energy for All, UNIDO, Biofutures Platform, International Civil Aviation Organization, International Energy Agency, International Energy Forum, International Renewable Energy Agency, World Biogas Association. World Bank
Renewable energy is energy from renewable natural resources that are replenished on a human timescale. The most widely used renewable energy types are solar energy, wind power and hydropower. Bioenergy and geothermal power are also significant in some countries. Some also consider nuclear power a renewable power source, although this is controversial. Renewable energy installations can be large or small and are suited for both urban and rural areas. Renewable energy is often deployed together with further electrification. This has several benefits: electricity can move heat and vehicles efficiently, and is clean at the point of consumption. Variable renewable energy sources are those that have a fluctuating nature, such as wind power and solar power. In contrast, controllable renewable energy sources include dammed hydroelectricity, bioenergy, or geothermal power.
The Group of Eight (G8) was an inter-governmental political forum from 1997 until 2014. It had formed from incorporating Russia into the Group of Seven, or G7, and returned to its previous name after Russia was expelled in 2014.
Energy is sustainable if it "meets the needs of the present without compromising the ability of future generations to meet their own needs." Definitions of sustainable energy usually look at its effects on the environment, the economy, and society. These impacts range from greenhouse gas emissions and air pollution to energy poverty and toxic waste. Renewable energy sources such as wind, hydro, solar, and geothermal energy can cause environmental damage, but are generally far more sustainable than fossil fuel sources.
The G20 or Group of 20 is an intergovernmental forum comprising 19 sovereign countries, the European Union (EU), and the African Union (AU). It works to address major issues related to the global economy, such as international financial stability, climate change mitigation and sustainable development.
Clean technology, also called cleantech or climatetech, is any process, product, or service that reduces negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. Clean technology includes a broad range of technology related to recycling, renewable energy, information technology, green transportation, electric motors, green chemistry, lighting, grey water, and more. Environmental finance is a method by which new clean technology projects can obtain financing through the generation of carbon credits. A project that is developed with concern for climate change mitigation is also known as a carbon project.
The Ministry of New and Renewable Energy (MNRE) is a ministry of the Government of India, headed by current Union Cabinet Minister Raj Kumar Singh, that is mainly responsible for research and development, intellectual property protection, and international cooperation, promotion, and coordination in renewable energy sources such as wind power, small hydro, biogas, and solar power.
China is both the world's largest energy consumer and the largest industrial country, and ensuring adequate energy supply to sustain economic growth has been a core concern of the Chinese Government since the founding of the People's Republic of China in 1949. Since the country's industrialization in the 1960s, China is currently the world's largest emitter of greenhouse gases, and coal in China is a major cause of global warming. However, from 2010 to 2015 China reduced energy consumption per unit of GDP by 18%, and CO2 emissions per unit of GDP by 20%. On a per-capita basis, China was only the world's 51st largest emitter of greenhouse gases in 2016. China is also the world's largest renewable energy producer, and the largest producer of hydroelectricity, solar power and wind power in the world. The energy policy of China is connected to its industrial policy, where the goals of China's industrial production dictate its energy demand managements.
Fossil fuel phase-out is the gradual reduction of the use and production of fossil fuels to zero, to reduce deaths and illness from air pollution, limit climate change, and strengthen energy independence. It is part of the ongoing renewable energy transition, but is being hindered by fossil fuel subsidies.
Energy subsidies are measures that keep prices for customers below market levels, or for suppliers above market levels, or reduce costs for customers and suppliers. Energy subsidies may be direct cash transfers to suppliers, customers, or related bodies, as well as indirect support mechanisms, such as tax exemptions and rebates, price controls, trade restrictions, and limits on market access.
The Climate Investment Funds (CIF) was established in 2008 as a multilateral climate fund in order to finance pilot projects in developing countries at the request of the G8 and G20. The CIF administers a collection of programs with a view of helping nations fight the impacts of climate change and accelerate their shift to a low-carbon economy. Through contributions from 14 donor countries, CIF supports more than 350 projects in 72 low and middle-income countries on the frontlines of the climate crisis.
Mandatory renewable energy targets are part of government legislated schemes which require electricity merchandisers to source-specific amounts of aggregate electricity sales from renewable energy sources according to a fixed time frame. The objective of these schemes is to promote renewable energy and decrease dependency on fossil fuels. If this results in an additional expenditure of electricity, the additional cost is distributed across most customers by increases in other tariffs. The cost of this measure is therefore not funded by the government budgets, except for costs of establishing and monitoring the scheme and any audit and enforcement actions. As the cost of renewable energy has become cheaper than other sources, meeting and exceeding a renewable energy target will also reduce the expenditure of electricity to consumers.
The International Hydropower Association (IHA) is an international lobby group and membership association representing the global hydropower sector.
India is the world's 4th largest consumer of electricity and the world's 3rd largest renewable energy producer with 40% of energy capacity installed in the year 2022 coming from renewable sources. Ernst & Young's (EY) 2021 Renewable Energy Country Attractiveness Index (RECAI) ranked India 3rd behind USA and China. In FY2023-24, India is planning to issue 50 GW tenders for wind, solar and hybrid projects. India has committed for a goal of 500 GW renewable energy capacity by 2030. In line with this commitment, India's installed renewable energy capacity has been experiencing a steady upward trend. From 94.4 GW in 2021, the capacity has gone up to 119.1 GW in 2023 as of Q4.
Canada is a member of various international organizations and forums. Canada was a founding member of the United Nations in 1945 and formed the North American Aerospace Defense Command together with the United States in 1958. The country has membership in the World Trade Organization, the Five Eyes, the G7 and the Organisation for Economic Co-operation and Development (OECD). The country joined the Organization of American States (OAS) in 1990, and seeks to expand its ties to Pacific Rim economies through membership in the Asia-Pacific Economic Cooperation forum (APEC). Canada ratified the Universal Declaration of Human Rights in 1948, and seven principal UN human rights conventions and covenants since then. As of 2023, Canada is a signatory to 15 free trade agreements with 51 different countries, and has diplomatic and consular offices in over 270 locations in approximately 180 countries.
Eco-investing or green investing is a form of socially responsible investing where investments are made in companies that support or provide environmentally friendly products and practices. These companies encourage new technologies that support the transition from carbon dependence to more sustainable alternatives. Green finance is "any structured financial activity that has been created to ensure a better environmental outcome."
Renewable energy in Thailand is a developing sector that addresses the country’s present high rate of carbon emissions. Several policies, such as the Thirteenth Plan or the Alternative Energy Development Plan, set future goals for increasing the capacity of renewable energy and reduce the reliance of nonrenewable energy. The major sources of renewable energy in Thailand are hydro power, solar power, wind power, and biomass, with biomass currently accounting for the majority of production. Thailand’s growth is hoped to lead to renewable energy cost reduction and increased investment.
The International Solar Alliance (ISA) is an alliance of more than 120 signatory countries, most being sunshine countries, which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn. The primary objective of the alliance is to work for the efficient consumption of solar energy to reduce dependence on fossil fuels. This initiative was first proposed by Indian Prime Minister Narendra Modi in a speech in November 2015 at Wembley Stadium, in which he referred to sunshine countries as Suryaputra. The alliance is a treaty-based inter-governmental organization. Countries that do not fall within the Tropics can join the alliance and enjoy all benefits as other members, with the exception of voting rights.
The 2019 G20 Osaka summit was the fourteenth meeting of the G20, a forum of 19 countries and the EU that together represent most of the world economy. It was held on 28–29 June 2019 at the International Exhibition Center in Osaka. It was the first G20 summit to be hosted by Japan. The dinner and cultural event on 28 June was held at the Osaka State Guest House.
The 2023 G20 New Delhi summit was the eighteenth meeting of G20. It was held in Bharat Mandapam International Exhibition-Convention Centre, Pragati Maidan, New Delhi on 9–10 September 2023. It was the first G20 summit held in India.
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