BRICS backs carbon market cooperation while opposing unilateral CBAM

BRICS countries have endorsed closer cooperation on carbon markets while opposing unilateral carbon border adjustment measures. The New Delhi Declaration supports implementing a BRICS Carbon Markets Partnership focused on knowledge exchange, capacity building and alignment between carbon markets, climate finance and national climate strategies. At the same time, the bloc characterised unilateral border measures as punitive, discriminatory and protectionist, citing potential burdens on developing economies. The position highlights a dual approach that supports domestic carbon market development and international cooperation while resisting trade-related climate policies imposed without broader multilateral agreement
News Link
#BRICS #CarbonMarkets #CBAM #ClimateFinance #CarbonPricing