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BRICS Says West Should Pay for Global South’s Energy Transition

Summary by Oil Price
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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BRICS leaders, meeting this Sunday in Rio de Janeiro, adopted a position that balances the fight against climate change with the energy realities of emerging economies. The final declaration of the bloc explicitly recognizes that fossil fuels maintain a fundamental role in the global energy matrix, especially for developing countries.

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The energy gap continues at the centre of the climate change discussions

·Brazil
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telesurtv.net broke the news in on Sunday, July 6, 2025.
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