As part of Indian initiative in the year of India’s G20 Presidency: India will convene the G20 Leaders' Summit for the first time in 2023, focus for this year are on creating the Global Biofuel Alliance,


What are the aims of the GLOBAL BIOFUELS ALLIANCE?

  • For global community the aim is to reduce dependance on crude oil & natural gas to reduce chances of economic crisises.
  • It can help reduce pollution levels in big cities
  • For india it will mean energy security & reduced import bill.


What are the india’s achievements in field of biofuels?

  • government had earlier decided to have 10 per cent ethanol blending by Nov 2022 and 20 per cent by 2030. "Today, we are already at 11.8 percent blending. When we achieved 10 per cent blending five months before the target of Nov 2022 our saving on the import bill was
    Rs 41,000 crore.
  • As far as the 2030 target of 20 per cent is concerned, india has decided to bring it down to 2025,

What is G20?

The G20 brings together the world's major and systemically important economies. Its members represent 85% of global GDP, 75% of international trade and two-thirds of the world's population.

  • As the premier forum for international economic cooperation, the Group of Twenty (G20) plays a critical role in steering the global economy through the significant challenges it faces.
  • The members of the G20 are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, the United Kingdom, the United States, and the European Union.
  • Each year, the presidency invites guest countries to participate. Spain is invited as a permanent guest.
  • The forum has met every year since its inception in 1999 after the Global Financial Crisis of 1997-98, with leaders meeting for an annual G20 Leaders’ Summit since 2008.
  • Presidency is for 1 year period.
  • India is holding presidency for first time
  • G20 has no permanent secretariat.

India’s G20 Presidency focus areas:

India’s G20 Presidency focus areas:

  1. Green Development, Climate Finance & LiFE
  • India's focus on climate change, with a particular emphasis on climate finance and technology, as well as ensuring just energy transitions for developing countries.
  • Introduction of the LiFE movement, which promotes environmentally-conscious practices and is based on India's sustainable traditions.
  1. Accelerated, Inclusive & Resilient Growth ----

Focus on areas that have the potential to bring structural transformation, including supporting small and medium-sized enterprises in global trade, promoting labour rights and welfare, addressing the global skills gap, and building inclusive agricultural value chains and food systems.


  1. Accelerating Progress on SDGs


Recommitment to achieving the targets set out in the 2030 Agenda for Sustainable Development, with a particular focus on addressing the impact of the COVID-19 pandemic.


  1. Technological Transformation & Digital Public Infrastructure

Promotion of a human-centric approach to technology and increased knowledge-sharing in areas such as digital public infrastructure, financial inclusion, and tech-enabled development in sectors such as agriculture and education.


  1. Multilateral Institutions for the 21st century

Efforts to reform multilateralism and create a more accountable, inclusive, and representative international system that is fit for addressing 21st century challenges.

  1. Women-led Development

Emphasis on inclusive growth and development, with a focus on women empowerment and representation in order to boost socio-economic development and the achievement of SDGs.

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