New Delhi : On the first day of the two-day G-20 summit held in New Delhi under the chairmanship of India, Prime Minister Narendra Modi has announced the formation of a Global Biofuel Alliance to promote biofuel. Along with this, he has also appealed to increase the blending of ethanol in petrol to 20 percent at the global level. During this, he has urged all the G-20 countries to join this alliance.
Proposal to launch G-20 satellite
Prime Minister Narendra Modi, while addressing the ‘One Earth’ session on the first day of the G-20 summit on Saturday, also proposed to launch ‘G-20 Satellite Mission for Environment and Climate Overview’. He also urged G20 leaders to start work on the ‘Green Credit’ initiative. He said that today the need of the hour is that all countries should work together in the field of fuel blending. He proposed to take initiative at global level to increase ethanol blending in petrol to 20 per cent.
Joe Biden participated in ‘One Earth’ session
Many world leaders including US President Joe Biden, Saudi Arabia’s Crown Prince Mohammed bin Salman and British Prime Minister Rishi Sunak participated in the ‘One Earth’ session. He said that as an alternative fuel, we can work on another blending initiative for wider global welfare, which will help in ensuring stable energy supply as well as climate security.
19 countries and 12 organizations worked on forming an alliance
On the other hand, in the matter of biofuel, Petroleum and Natural Gas Minister Hardeep Singh Puri said that I can tell you that today is a historic day of happiness and celebration. He said that Prime Minister Narendra Modi has proposed to world leaders to form a Global Biofuel Alliance. This also includes the world’s two largest biofuel producing countries, America and Brazil. He said that 19 countries and 12 international organizations of the world have worked together to form the Global Biofuel Alliance.
G-20 countries commit to reducing coal use
Additionally, G20 countries on Saturday agreed to accelerate efforts to phase out coal as a fuel in line with national circumstances and to maintain a commitment made in Pittsburgh in 2009 to rationalize fossil fuel subsidies. Expressed commitment. The G20 declaration (New Delhi Leaders Summit Declaration) states that this group of the world’s leading economies acknowledged the importance of accelerating the development, use and dissemination of technologies for the transition to low-emission energy systems. He especially emphasized on rapid expansion of clean energy production.
Emphasis on reducing fossil fuel subsidies in G-20 manifesto
The G-20 declaration states that we will intensify our efforts to implement the commitment made in Pittsburgh in 2009 to gradually reduce and rationalize inadequate fossil fuel subsidies. We are committed to achieving this objective as well as providing targeted assistance to the poorest people.
G-20 declaration approved
The G-20 declaration further states that we recognize the importance of accelerating technology development, deployment and dissemination, and adopting favorable policies, to move towards low-emission energy systems. This includes increasing clean fuel production, including renewable energy. Prime Minister Narendra Modi announced the acceptance of the manifesto at the G20 leaders’ meeting here on Saturday.