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Launched in September 2023 during India's G20 presidency, the Global Biofuels Alliance (GBA) seeks to create $500 billion in economic opportunities for G20 nations over three years. By focusing on biofuels, India aims to demonstrate that developing countries can lead in climate action while addressing their development needs, fostering collaboration among nations.

The GBA emphasizes technology sharing and local adaptability, positioning India as an emerging climate leader. Its growth to 24 member countries reflects its effectiveness in advancing sustainable energy solutions and fostering investment opportunities.