BRICS Group leaders concluded the summit in Rio de Janeiro on Monday by requesting that developed countries provide funding to address climate change challenges that emphasize emerging economies.
Brazilian President Luis Inacio Lula da Silva highlighted the important role of the Global South in the fight against global warming as Brazil prepares to host the UN Climate Summit later this year.
In their joint declaration, BRICS leaders argued that fossil fuels will continue to play a role in supporting economic development, especially in developing countries.
“We live in many moments of contradictions across the world. The important thing is that we are willing to overcome these contradictions,” Brazilian Environment Minister Marina Silva responded in response to questions about oil exploration near the Amazon rainforest.
The statement reaffirms that climate finance is a wealthy state obligation to developing countries and reflects the established position of emerging economies in global climate negotiations.
The BRICS leader also supported Brazil’s proposal on the Tropical Forest Forever Facility, designed to protect endangered forests and support climate initiatives, beyond the commitments required in the Paris Agreement.
Sources say China and the United Arab Emirates have expressed their intention to contribute to the fund during a meeting with Brazilian finance officials.
The declaration seriously criticizes measures such as the carbon border tax and the new European deforestation law, describing it as “discriminatory protectionist measures” imposed under the pretext of environmental policy.
MA/PR