HomePOPULARBrazil's President Lula Hails Launch of Global Biofuels Alliance with India

Brazil’s President Lula Hails Launch of Global Biofuels Alliance with India

Brazilian President Luiz Inacio Lula da Silva expressed his delight at the launch of the Global Biofuels Alliance during a press conference in New Delhi. He emphasized the importance of ethanol production in Brazil as an alternative to oil and stated that Brazil will continue to improve its ethanol production. President Lula highlighted the significance of the alliance for Brazil, noting that the country has technological control over biofuels.

PM Narendra Modi had launched the Global Biofuels Alliance in the presence of US President Joe Biden, President of Brazil Luiz Inacio, President of Argentina Alberto Fernández, and Prime Minister of Italy Giorgia Meloni. The alliance was a priority under India’s G20 Presidency.

President Lula appreciated the global recognition of biofuels as a solution to greenhouse gas effects and emissions. The Global Biofuels Alliance aims to strengthen markets, facilitate global biofuels trade, share policy lessons, and provide technical support for national biofuels programs worldwide.

Nineteen countries, including India, joined the alliance as initiating members. The International Energy Agency estimates that global sustainable biofuel production must triple by 2030 to achieve net-zero emissions by 2050. India has set ambitious goals for carbon neutrality and increased ethanol blending in gasoline.

During the press conference, President Lula also mentioned Brazil’s interest in discussing permanent membership in the United Nations Security Council (UNSC).

Key Takeaways:

•Brazilian President Lula expresses delight at the launch of the Global Biofuels Alliance.

•He highlights Brazil’s role in ethanol production as an alternative to oil.

•The alliance is important for Brazil’s future as it has technological control over biofuels.

•President Lula appreciates the global recognition of biofuels in addressing greenhouse gas effects.

•The Global Biofuels Alliance focuses on strengthening markets and facilitating global biofuels trade.

•President Lula also mentions Brazil’s interest in discussing permanent UNSC membership.

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