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BRICS Summit Ends with Call for Funding Climate Mitigation
- On July 7, the leaders of BRICS ended their meeting in Rio de Janeiro by urging affluent nations to take responsibility for funding climate mitigation initiatives in developing countries.
- This call follows longstanding BRICS positions that developed countries bear responsibility for climate finance under the UNFCCC and Paris Agreement commitments.
- The leaders released a joint statement emphasizing fossil fuels will remain important, especially for emerging economies, while supporting Brazil's Tropical Forests Forever Facility fund.
- During meetings with Brazil's Finance Minister, Chinese and UAE officials indicated their intention to invest in the fund, while Environment Minister Marina Silva emphasized Brazil's readiness to address and move past existing disagreements.
- The summit reaffirmed BRICS' commitment to multilateralism despite U.S. President Trump threatening a 10% tariff on members for "anti-American policies.
13 Articles
13 Articles
BRICS Demand Wealthy Nations Fund Global Climate Transition
BRICS summit ends with call for funding climate mitigation
Leaders of the BRICS group of developing nations concluded their summit in Rio de Janeiro on Monday by demanding that wealthy countries take responsibility for financing climate mitigation efforts in the Global South. In his opening remarks, Brazilian President Luiz Inácio Lula da Silva, who will host the United Nations climate summit in November, condemned climate change denial and unilateralism, indirectly criticising US President Donald Trump…
BRICS Nations Call on Wealthy Countries to Fund Worldwide Net-Zero Transition
Leaders of the BRICS group said on Sunday that wealthy countries should pay to help poorer nations transition to net zero. The BRICS bloc, comprising countries such as Brazil, Russia, India, China, and South Africa, is an alliance that sees itself as a counterweight to Western-led institutions. In a joint statement released ahead of the final day of the 17th BRICS Leaders’ Summit in Rio de Janeiro, Brazil, BRICS leaders said that providing clima…
BRICS Leaders Urge Developed Nations to Fund Climate Action - World news - Tasnim News Agency
TEHRAN (Tasnim) – The BRICS bloc called on wealthy countries to fulfill their responsibility to finance climate mitigation efforts while denouncing Western environmental measures as discriminatory, underscoring the group's commitment to defending multilateralism.
BRICS Says West Should Pay for Global South’s Energy Transition
The world’s wealthiest countries should finance the energy transition of poorer countries, BRICS said in a joint statement during a gathering in Brazil. “We emphasize that ensuring accessible, timely and affordable climate finance for developing countries is critical for enabling just transitions pathways that combine climate action with sustainable development,” the group said in its statement. “We underscore that the provision and mobilization…
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