Brazil and India agreed to work towards an Indian- Brazil Alliance for Bioenergy and Biofuels.
Both countries have also agreed on making sustainable bioenergy and biofuels the focus for transport, industry, aviation and shipping.
These decisions were taken during the three-day visit of Brazil’s Minister of Mines and Energy, Bento Albuquerque to Hardeep Singh Puri, Minister of Petroleum and Gas.
They looked at the existing bilateral cooperation across the entire energy sector and committed to improving the partnership between the countries.
The Ministers recognised the importance of the current investment in the Brazilian oil and gas sector made by Indian companies and committed to safeguarding these investments while encouraging further bilateral investments.
Both countries agreed to work on policies, feedstocks, and implementation steps for sustainable aviation fuels, second-generation ethanol, and synthetic biology cooperation.
They agreed that it was critical to further promote sustainable bioenergy and biofuels at the global level, which would increase energy security, boost rural development, create jobs and opportunities while reducing local and global emissions