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24 May 2022 BRICS meeting on climate change

Posted at 12:55h in Daily current-affairs by khyati khare 0 Comments

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Recently, the Union Minister of Environment, Forest and Climate Change participated in the virtual high-level meeting of BRICS, where they jointly addressed climate change, explored approaches to accelerate the low carbon and adaptation transition and Underlined the relevance of the Forum for sustainable development.
The meeting was chaired by the People’s Republic of China and was attended by environment ministers from BRICS countries- Brazil, Russia, India and South Africa.

India in its address underscored India’s commitment to strong climate action, including promoting a sustainable lifestyle based on careful consumption and waste reduction.
India is currently taking several important steps in the field of renewable energy, sustainable habitat, carbon sink creation through additional forest and tree cover, transition to sustainable transport, e-mobility, encouraging private sector to meet climate commitments etc. The Hindu Analysis
India continues to progressively separate economic growth from greenhouse gas emissions.
The ambitious implementation of climate action by developing countries is dependent on an ambitious and adequate delivery of climate finance, technology transfer and other implementation support as mandated by the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement.
The BRICS countries have expressed their hope to move forward in line with the Glasgow Decision on Climate Finance Delivery and the COP 26 Climate Finance Delivery Plan issued by the Presidency.
BRICS Environment Ministers committed to strengthen cooperation on climate change and to broaden and deepen the scope of cooperation. The Hindu Analysis
In addition, these countries also agreed to continue policy exchanges and cooperation in the areas of environment and climate change.

BRICS is an acronym for the group of five leading emerging economies of the world – Brazil, Russia, India, China and South Africa.
British economist Jim O’Neill used the term BRIC in 2001 to describe the four emerging economies of Brazil, Russia, India and China. The Hindu Analysis
The grouping was formalized during the first meeting of the BRIC Foreign Ministers in 2006.
South Africa was invited to join the BRIC in December 2010, after which the group adopted the acronym BRICS.
BRICS brings together the five largest developing countries in the world, representing 41% of the global population, 24% of global GDP and 16% of global trade.
The BRICS summit is chaired annually by the Supreme Leader of the member countries in the order B-R-I-C-S.
India was the President for 2021. The Hindu Analysis
During the 6th BRICS Summit in Fortaleza (Brazil) in 2014, the leaders signed the agreement to establish the New Development Bank (NDB – Shanghai, China). He also signed the BRICS Contingency Reserve Arrangement to provide short-term liquidity support to the members.