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

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 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…

Brics demands wealthy nations fund global climate transition

Yet the bloc also recognises that fossil fuels will still be key in the global energy mix. Read more at straitstimes.com.

BRICS Leaders Urge Rich Nations To Fund Global Climate Transition

In their joint statement, BRICS leaders underscored that providing climate finance "is a responsibility of developed countries towards developing countries," which is the standard position for emerging economies in global negotiations. The post BRICS Leaders Urge Rich Nations To Fund Global Climate Transition appeared first on StratNews Global.