G20 Countries Pledge to Support Global Bio-fuel Alliance

The Group of 20 (G20) countries have pledged to support the Global Bio-fuel Alliance (GBA), a coalition of governments, businesses, and civil society organizations working to promote the sustainable production and use of bio-fuels.

The pledge was made at the G20 summit in New Delhi, India, on September 9, 2023. The summit was attended by leaders from the world’s 20 largest economies.

The GBA was launched in 2018 with the goal of promoting the sustainable production and use of bio-fuels that contribute to climate change mitigation, energy security, and rural development.

The alliance has over 100 members from around the world.

The G20 countries’ pledge to support the GBA is a major boost for the alliance. The pledge includes commitments to:

• Promote the development and use of sustainable bio-fuels
• Support research and development into new bio-fuel technologies
• Improve the environmental and social performance of bio-fuel production
• Increase transparency in the bio-fuels market

The G20 countries’ pledge is a positive development for the global bio-fuels industry. It shows that the world’s leading economies are committed to supporting the production and use of sustainable bio-fuels.

Quotes:

• “The G20’s pledge to support the GBA is a major step forward for the sustainable bio-fuels industry,” said GBA Executive Director Nina Federoff. “It shows that the world’s leading economies are committed to addressing climate change and promoting energy security.”
• “We are grateful for the G20’s support for the GBA,” said GBA Chair and CEO of Bunge Limited Marcio Fernandes. “This pledge will help us to accelerate the development and use of sustainable bio-fuels that can help to address the world’s most pressing challenges.”

Analysis:

The G20’s pledge to support the GBA is a positive development for the global bio-fuels industry. It shows that the world’s leading economies are committed to supporting the production and use of sustainable bio-fuels.

The pledge is also a boost for the GBA, which has been working to promote the sustainable production and use of bio-fuels for the past five years. The pledge will help the GBA to achieve its goals and to make a positive impact on the world.

The G20’s pledge is a sign of the growing momentum behind the sustainable bio-fuels industry. The industry is poised to grow in the coming years, and the G20’s pledge will help to accelerate this growth.

The sustainable bio-fuels industry has the potential to make a significant contribution to climate change mitigation, energy security, and rural development. The G20’s pledge is a major step forward for the industry and for the world.