Brics calls for just, equitable energy transition, slams EU carbon border tax
BRICS leaders said carbon border adjustment mechanisms are discriminatory and urged more financial and technological support for developing countries.
- BRICS leaders in New Delhi opposed unilateral, punitive climate measures like carbon border adjustment mechanisms on Saturday, arguing such steps are inconsistent with WTO rules and undermine developing countries' climate efforts.
- The European Union plans to impose carbon taxes functioning as additional import duties on carbon-intensive goods like steel, aluminium, and fertiliser, potentially affecting developing nations' exports significantly.
- BRICS members aim to advance trade facilitation and connectivity by digitising trade documentation, exploring mutually reinforcing policy levers to enhance intra-BRICS trade and ensure stakeholders operate in an efficient, transparent, and seamless environment.
- The BRICS New Delhi Declaration emphasizes collaborating on intellectual property rights in the digital environment, including artificial intelligence training, while ensuring fair remuneration to right holders in developing countries.
- Strengthening Global Value Chains remains central to BRICS strategy, with the BRICS GVC Action Plan and Special Economic Zones promoting investment, industrial cooperation, and sustainable economic integration through 2030.
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9 Articles
BRICS countries have clarified their stance on key issues related to carbon taxes and global trade. The group opposed unilateral and discriminatory measures such as the Carbon Border Adjustment Mechanism (CBAM), saying they could increase pressure on developing countries and impact sectors such as steel, cement, fertilizer, and aluminum.
BRICS Opposes Carbon Border Measures, Seeks Climate Finance for Developing Nations
Get latest articles and stories on World at LatestLY. BRICS countries have opposed unilateral and protectionist climate measures, including carbon border adjustment mechanisms, and called for greater financial and technological support for developing countries to tackle climate change, according to the BRICS New Delhi Declaration. World News | BRICS Opposes Carbon Border Measures, Seeks Climate Finance for Developing Nations.
BRICS leaders oppose 'unilateral, discriminatory' carbon border taxes
BRICS leaders opposed carbon border adjustment mechanisms and called them unilateral and discriminatory. The declaration linked the measures to risks for developing countries, trade and climate action.
BRICS opposes carbon border measures, seeks climate finance for developing nations - The Tribune
BRICS countries have opposed unilateral and protectionist climate measures, including carbon border adjustment mechanisms, and called for greater financial and technological support for developing countries to tackle climate change, according to the BRICS New Delhi Declaration.
The Economic Times
Times of IndiaBRICS leaders oppose 'punitive, discriminatory' carbon border taxes
BRICS leaders opposed unilateral measures like carbon border adjustments. They agreed to expand cooperation on intellectual property rights and AI applications. Leaders also emphasized resilient and inclusive global value chains for trade. They will explore policy levers to enhance intra-BRICS trade and connectivity. BRICS members aim for equitable participation in global manufacturing segments.
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