India launches global biofuel alliance at G20

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Singapore Prime Minister Lee Hsien Loong, Bangladesh Prime Minister Sheikh Hasina, Italian PM Giorgia Meloni, US President Joe Biden, Indian PM Narendra Modi, Brazilian President Luiz Inacio Lula da Silva, President of Argentina, Alberto Fernandez, Mauritius PM Pravind Kumar Jugnauth and UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan attend the launch of the Global Biofuels Alliance at the G20 summit in New Delhi, India, on September 9, 2023. (REUTERS/Evelyn Hockstein/Pool)
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The alliance, with the US and Brazil as its founding members, would help accelerate global efforts to meet net-zero emissions targets by facilitating trade in biofuels derived from sources including plant and animal waste. Reuters
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Updated 10 September 2023
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India launches global biofuel alliance at G20

  • The alliance, with the US and Brazil as its founding members, is projectd to help accelerate global efforts to meet net-zero emissions targets
  • India is targeting to become carbon neutral by 2070 and is expanding use of biofuel in its transport sector

NEW DELHI: India announced on Saturday the launch of a global biofuel alliance at a G20 summit in New Delhi to boost the use of cleaner fuels.

The alliance, with the US and Brazil as its founding members, would help accelerate global efforts to meet net-zero emissions targets by facilitating trade in biofuels derived from sources including plant and animal waste.

“We are launching the Global Biofuel Alliance. India invites all of you to join this initiative,” Prime Minister Narendra Modi said in his remarks to leaders from the G20 major economies at the summit.

The push for a biofuels alliance mirrors the International Solar Alliance launched by New Delhi and Paris in 2015 to bring clean and affordable solar energy within the reach of all.

The International Energy Agency estimates in a July report that global sustainable biofuels production would need to triple by 2030 to put the world’s energy system on track towards net zero emissions by 2050.

India, the world’s third-biggest oil importer and consumer, imports about 85 percent of its crude needs and is gradually building capacity to increase its output of biofuels.

India is targeting to become carbon neutral by 2070 and is expanding use of biofuel in its transport sector. It has advanced the deadline by 5 years to 2025 for doubling nationwide ethanol blending in gasoline to 20 percent.

The alliance will help by encouraging global biofuels trade, developing concrete policies on lesson-sharing and promoting provision of technical support for national biofuels programs worldwide, Oil Minister Hardeep Singh Puri said in July.

The South Asian nation plans to build 12 bio-refineries to produce fuel from items including crop stubble, plant waste and municipal solid waste.


The Real Estate Registry signs 10 agreements at forum in Riyhad

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The Real Estate Registry signs 10 agreements at forum in Riyhad

RIYADH: The Real Estate Registry concluded its participation in the Real Estate Future 2026, as a partner of the forum, with a distinguished presence that included the launch of its business portal, the signing of 10 agreements and memoranda of understanding with entities from the public and private sectors, the organization of specialized workshops, and the awarding of the Gold Award at the Real Estate Excellence Awards.

During his participation in the forum, the CEO of the firm, Mohammed Al-Sulaiman, reviewed the latest developments in real estate registration in the Kingdom in a keynote speech, highlighting the pivotal role of the Real Estate Registry in building a unified and reliable system for data. He also announced the launch of the national blockchain infrastructure, which aims to enable the microcoding of real estate assets, enhance transparency, expand investment opportunities, and support innovative ownership models within a reliable regulatory framework.

On the sidelines of the forum, Al-Sulaiman met with Nigeria’s Minister of Housing and Urban Development, Ahmed Dangiwa. During the meeting, they discussed areas of joint cooperation, exchanged experiences and advice on shaping the future of the real estate sector, and reviewed best practices in implementing real estate registration systems that enhance reliability and improve the efficiency of property registration.
efficiency of property registration systems.

The Real Estate Registry’s participation included organizing three specialized workshops that focused on the role of geospatial technologies in identifying ownership, enhancing transparency, and improving the quality of real estate data. 

The workshop “Empowering the Real Estate Registry for the Business Sector” reviewed digital solutions that enable the business sector to manage its real estate assets more efficiently and enhance governance and technical integration. The workshop “From Off-Plan Sales to Title Deed” focused on the journey of documenting real estate ownership and the role of the registry in linking the stages of development and documentation within an integrated digital system.

On the sidelines of the forum, the Real Estate Registry signed 10 agreements and memorandums of understanding, including a deal with Yasmina Information Technology Co. to utilize real estate data in developing smarter insurance solutions that support the real estate sector and enhance service reliability. 

Partnerships were also signed with Haseel, NewTech, and Sahl, as well as HissaTech and Droub, to develop innovative digital solutions in property ownership, fractional ownership, and asset tokenization, as well as real estate finance and investment within a trusted regulatory framework.

Further collaborations included an MoU with ROSHN Group, an agreement with the Saudi Water Authority to enable data integration and quality enhancement, an agreement with the Saudi National Bank, and a partnership with Saudi Post to link the national address with the property registry as a unified geospatial identifier supporting data accuracy and integration.

The registry’s participation was crowned with the Golden Award at the Real Estate Excellence Awards in the category of Excellence in Property Documentation, in recognition of its role in building a model based on transparency, accuracy, and speed, as well as advanced digital technologies and specialized legal expertise, contributing to rights protection and increasing the sector’s attractiveness.

The Real Estate Registry emphasized that its participation reflects its continued role as a key enabler of the real estate sector, a trusted data source, and an active partner in driving digital transformation, enhancing market efficiency, and building investor and financier confidence, in line with Saudi Arabia’s Vision 2030 objectives for a fully integrated and sustainable digital real estate ecosystem.