The move will see China, Russia and others collaborate with India on emerging fuel technology, energy modelling and transition goals.
Shanghai Cooperation Organisation members agreed to work together on emerging fuels like hydrogen and ammonia, and biofuels like ethanol at a recent meeting of its energy ministers. The grouping will be opened up for signatures on the proposed Global Biofuel Alliance, being pushed by India, which will formally launch the alliance this year.
The grouping will be opened up for signatures on the proposed Global Biofuel Alliance, being pushed by India, which will formally launch the alliance with like-minded nations before the G20 leaders’ summit in September.
Indian petroleum and natural gas minister Hardeep Singh Puri said after the meeting that SCO nations have opted for a continued engagement rather than a standalone, one-time discussion, Indian media outlets reported.
“The parties recognise that emerging fuels can play a critical role in promoting a circular economy by efficiently utilising biological resources to produce various high-value marketable products with least possible impact on the environment,” read a joint statement issued after the meeting.
The SCO comprises China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan.
India assumed the rotational annual presidency of the SCO last year.
Before India hosts the SCO summit on June 25 in New Delhi, the government will be organising a series of SCO ministerial meetings.
Fibre2Fashion News Desk (DS)