- 22 countries have agreed to join the GBA
- 3% India share of the total global biofuel market
India plans to showcase the Global Biofuels Alliance (GBA) at the upcoming UN Climate Conference (COP28) in the UAE, one of the world’s leading oil-producing nations.
As part of the advocacy, the government also plans to light up the iconic Burj Khalifa with ‘GBA’, said two people aware of the development.
The marquee alliance with India, the US and Brazil as its founding members was launched at the G20 summit hosted by New Delhi in September, and has grown rapidly, with a total of 22 countries having agreed to join the GBA.
The alliance has an eye on the Organization of the Petroleum Exporting Countries (Opec)-plus grouping, of which the UAE is a member, but is yet to fInd support from Saudi Arabia and Russia.
The plan also involves holding an industry roundtable on what the GBA would mean for the industry.
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