Climate: Time for BRICS to Act

Source: The Hindu Business Line | Original Published At: 2026-09-12 00:30:00 UTC

Key Points

• The article states that developing countries face an annual climate finance gap of $170 billion and describes the COP29 climate finance commitment as inadequate.
• It presents BRICS as a major geopolitical and economic bloc, citing its expansion, share of global GDP, and share of the world population.
• It highlights climate-related roles and transitions of Brazil, Russia, India, China, and South Africa, including the Amazon, permafrost, renewable energy, solar manufacturing, and just transition efforts.
• The article argues that BRICS should stop relying on Global North technology transfer and climate finance mechanisms that it says have failed developing countries.
• It proposes a BRICS Climate Hub and a Climate Readiness Facility linked to the New Development Bank for faster adaptation finance.
• It calls for a BRICS technology commons for clean technologies and a coordinated BRICS green jobs compact across member states.