Economy
BRICS Declaration Acknowledges Fossil Fuels' Role and Opposes EU Carbon Tax

BRICS Declaration Acknowledges Fossil Fuels' Role and Opposes EU Carbon Tax

The Indian Express1h
THE BRIEF
1

The New Delhi Declaration adopted at the 18th BRICS Summit stated that fossil fuels remain vital for developing economies' energy mix.

2

BRICS member countries formally opposed the European Union's carbon border adjustment mechanism as a unilateral and protectionist trade measure.

3

The declaration also praised India's International Big Cat Alliance initiative and endorsed guidelines for integrating disaster management early warning data.