Explanation:

Only statements 1&2 are correct.

Recently, Prime Minister of India announced the launch of the Global Biofuels Alliance.

• It is an India-led Initiative to develop an alliance of Governments, International organizations and Industry to facilitate adoption of biofuels.

• A total of 19 countries and 12 international organizations have so far agreed to join the alliance, including both G20 members and non-member countries.

• India, Brazil and the US are the founding members of the alliance.

• Global Biofuels Alliance aims to facilitate cooperation and intensifying the use of sustainable biofuels, including in the transportation sector.

• Biofuels are eco-friendly fuels made from organic materials like plants or microorganisms. They offer a greener alternative to fossil fuels by potentially reducing greenhouse gas emissions and lessening our reliance on finite fossil fuel sources. 

Hence option 2nd is correct.