✨ 2026 Shanghai Summer School (BRICS Program) students lists are now available. View Details

BRICS backs diversified energy mix, says fossil fuels remain important for EMDEs

BRICS backs diversified energy mix, says fossil fuels remain important for EMDEs
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional DevelopmentSustainable Development

Source: The Economic Times | Original Published At: 2026-09-12 12:26:00 UTC

Key Points

  • BRICS countries called for stronger energy security through diversified supply sources, resilient infrastructure and stable energy markets.
  • The New Delhi Declaration said fossil fuels will continue to play an important role in the global energy mix, particularly for emerging markets and developing economies.
  • BRICS endorsed just, orderly, equitable and inclusive energy transitions while stressing technological neutrality and common but differentiated responsibilities.
  • The grouping welcomed the use of digital technologies in energy systems and an Indian chairship initiative to establish a BRICS Digital Centre of Excellence for Smart Grids and Energy Storage.
  • BRICS affirmed the need for reliable, responsible, diversified and resilient critical minerals supply chains with benefit sharing and respect for sovereign rights.
  • The bloc welcomed a BRICS Incubator Network and said it would consider creating a BRICS Startup Innovation Fund under its Partnership on the New Industrial Revolution.
Scroll to Top