Climate Finance, Adaptation and Disaster Resilience Feature Prominently In BRICS Declaration
6 Articles
6 Articles
The BRICS countries, in the final declaration of the Indian summit, noted the continuing importance of fossil fuels for the global energy balance." We stress the need to strengthen energy security by ensuring the stability of energy markets, the uninterrupted supply of energy from various sources, the strengthening of value chains, and the sustainability and protection of critical energy infrastructure, including cross-border infrastructure.
BRICS backs diversified energy mix, says fossil fuels remain important for EMDEs
BRICS nations advocate for stronger energy security through diverse sources and stable markets. They acknowledge fossil fuels' continued importance for developing economies. The group also called for equitable and inclusive energy transitions globally. Cooperation on critical minerals and digital technologies in energy systems was endorsed. BRICS also seeks to deepen ties in advanced manufacturing and emerging technologies.
Climate Finance, Adaptation and Disaster Resilience Feature Prominently In BRICS Declaration
Citing common but differentiated responsibilities and the need to take into account national circumstances, the declaration says that fossil fuels will remain in the energy mix for emerging and developing countries.
New Delhi: Despite the rapid global shift towards renewable energy sources, fossil fuels will still play a major role in the economic growth and energy security of developing countries, according to a report by the World Bank.
BRICS backs diversified energy mix, says fossil fuels remain important for EMDEs - OrissaPOST
New Delhi: BRICS countries Saturday called for stronger energy security through diversified supply sources, resilient infrastructure and stable energy markets, while acknowledging that fossil fuels will continue to play an important role in the global energy mix, particularly for emerging and developing economies. “We acknowledge fossil fuels will still play an important role in the […]
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