16 hrs ago

BRICS Declaration Defends Fossil Fuels, Opposes EU Carbon Border Tax

BRICS Declaration Defends Fossil Fuels, Opposes EU Carbon Border Tax
‘Fossil fuels will still play important role’: BRICS Declaration opposes carbon border tax · indianexpress.com

BRICS countries adopted a declaration about energy and climate change.

It said fossil fuels will still be important for many countries.

This is especially true for developing economies.

The declaration opposed the European Union’s carbon border tax.

It also reaffirmed support for the Paris climate agreement.

BRICS called for countries to make their own fair transitions to cleaner energy.

It asked developed countries to provide more predictable money and technology to developing countries.

The statement came amid concerns about energy security and supply-chain disruptions linked to the West Asia conflict.

Key facts

Declaration
New Delhi Declaration
Summit
18th BRICS Summit
Fossil fuels
Recognized as continuing to play an important role, particularly for developing economies
Carbon border tax
The declaration opposed the European Union’s carbon border tax
Climate agreement
The declaration reaffirmed commitments to the Paris climate agreement
Support requested
Developed countries were urged to provide additional, adequate, predictable and accessible climate finance and technology
Transition principle
Countries were urged to pursue nationally determined just transitions

Sources

Related news