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Consider the following statements with reference to the Global Biofuel Alliance (GBA):
1. It is a multi-stakeholder alliance of Governments, International Organizations and Industries.
2. It is an initiative by the United Nations to position biofuels as a key to the energy transition.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements with reference to the Global Biofuel...
The Global Biofuel Alliance (GBA) has adopted a work plan focused on assessing country landscapes, drafting policy frameworks, and conducting biofuel workshops, petroleum and natural gas ministry officials said recently.
About Global Biofuel Alliance (GBA):
  • GBA is a multi-stakeholder alliance of GovernmentsInternational Organizations, and Industries.
  • It is an initiative by India, bringing together the biggest consumers and producers of biofuels to drive the development and deployment of biofuels.
  • It was launched on the sidelines of the 2023 G20 summit in New Delhi.
  • The initiative aims to position biofuels as a key to the energy transition and contribute to jobs and economic growth.
  • Significance of the alliance:
  • It will place emphasis on strengthening marketsfacilitating global biofuels trade, developing concrete policy lesson-sharing and providing technical support for national biofuels programs worldwide.
  • It intends to expedite the global uptake of biofuels through facilitating capacity-building exercises across the value chain, technology advancements, and intensifying the utilization of sustainable biofuels through the participation of a wide spectrum of stakeholders.
  • GBA will facilitate the development, adoption, and implementation of internationally recognized standards, codes, sustainability principles, and regulations to incentivize biofuel adoption and trade.
  • The alliance will also act as a central repository of knowledge and an expert hub.
  • 24 countries and 12 international organizations have already agreed to join the alliance.
Hence only statement 1 is correct.
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Consider the following statements with reference to the Global Biofuel Alliance (GBA):1. It is a multi-stakeholder alliance of Governments, International Organizations and Industries.2. It isan initiative by the United Nations to position biofuels as a key to the energy transition.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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