Seoul, Republic of Korea – January 19, 2024 – BioCNG represents a potential sustainable energy source and solution in addressing escalating energy needs for green growth development and energy transition strategies, notes GGGI in a recent technical report. The International Renewable Energy Agency’s (IRENA) 1.5°C scenario estimates that bioenergy will represent 25% of the total primary energy supply by 2050. The technical report titled “Fueling the future: A report on BioCNG with the best practices and case studies,” presents GGGI’s experiences and invaluable lessons learned from its Global BioCNG Program.
Designed to offer crucial insights, the report serves as a guide for the development of viable BioCNG project, reflecting GGGI’s commitment to driving innovation in the sustainable energy landscape. “The challenges and solutions associated with the growth of the BioCNG sector vary in different countries and geographies,” Nishant Bhardwaj, GGGI’s Director, Green Investment Services and COP Lead said. “This report highlights the ways in which the unique barriers and risks of the BioCNG sector can be addressed. Countries can adopt suitable solutions and options based on the local conditions and country’s requirements,” Mr. Nishant added.
The report also describes GGGI’s experiences in supporting BioCNG development in India, Thailand, and Indonesia throughout its BioCNG Global Program. “GGGI’s interventions are mainly towards creating enabling environment, reducing barriers across the BioCNG value chain, and developing suitable business models to improve project viability and attract private sector investments in the BioCNG projects,” Mr. Nishant said. Aligned with its 2030 strategy, GGGI actively supports BioCNG project development through its Global BioCNG Program in GGGI member and partner countries.
About the Global Green Growth Institute (GGGI)
The Global Green Growth Institute (GGGI) was founded as a treaty-based international, inter-governmental organization in 2012 at the United Nations Conference on Sustainable Development. GGGI supports its Member States in transitioning their economies toward a green growth model that simultaneously achieves poverty reduction, social inclusion, environmental sustainability, and economic growth. With 48 Member States and over 22 Partner countries and regional integration organizations in the process of accession, GGGI delivers programs and projects in over 40 countries. These initiatives encompass developing innovative green growth solutions, technical support, capacity building, policy planning & implementation, and assistance in building a pipeline of bankable green investment projects, project financing, investments, and knowledge sharing. GGGI’s work contributes to its Member States’ efforts to fulfill the Sustainable Development Goals and the Nationally Determined Contributions to the Paris Agreement.
The full report can be downloaded at: https://bit.ly/3Uaos4v
Follow us on X | Facebook | LinkedIn | YouTube | Instagram
For more information, visit: https://gggi.org
(GGGI BioCNG Program Communications)
Nishant Bhardwaj, Director, Green Investment Services and COP Lead
+82 10 9530 0194
nishant.bhardwaj@gggi.org
(GGGI Seoul HQ)
Mona Laczo, Communications & Knowledge Sharing Unit Head
+82 10 9530 0358
mona.laczo@gggi.org