- India has proposed the formation of a biofuel alliance among the 14 member countries of the Indo-Pacific Economic Framework (IPEF). This initiative is aimed at enhancing cooperation and collaboration in the biofuel sector.
- The proposed alliance seeks to promote the production and utilization of biofuels within member countries. The goals include enhancing energy security, reducing dependency on fossil fuels, and mitigating carbon emissions to combat climate change
- The initiative emphasizes the need for supportive policies and regulatory frameworks that encourage investment and development in the biofuel sector. This includes incentives for biofuel producers and mechanisms to ensure sustainable feedstock sourcing.
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