New forum to promote bio fuel
Pti, United Nations
Five major fossil fuel consumers of the world including India have joined hands to develop, produce and promote the use of bio-fuel which will help cut down greenhouse gases besides increasing fuel security of nations.India, the United States, China, Brazil, South Africa and the European Commission are partners in the initiative named "International Bio-fuels Forum" which will meet regularly for one year leading to a major international bio-fuel conference in Brazil in 2008. The forum would also aim to redress trade imbalances and free up resources for investment in health, education and other social sectors in developing countries. "But the Forum is not a closed club and others can join it," the participants said when asked about absence of Russia and the Middle Eastern countries which are major producers of oil.
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