BRICS Environment Ministers oppose European Union’s Carbon Border Tax

The 12th BRICS Environment Ministers' meeting, chaired by India in New Delhi, saw BRICS environment and climate ministers opposing the European Union's Carbon Border Adjustment Mechanism (CBAM), or Carbon Border Tax. The ministers criticized CBAM as a unilateral, punitive, discriminatory, and protectionist measure that violates international law.

They emphasized that developed nations must urgently increase climate finance, particularly for adaptation, and expressed concern that measures like CBAM could undermine the efforts of developing countries to address climate change, enhance adaptive capacity, and build resilience. The ministers also urged wealthy nations to fulfill the New Collective Quantified Goal (NCQG) reached at the COP30 conference in Belem, Brazil, to triple adaptation finance to developing countries by 2035.

Brief written by urgent.news from The Indian Express - India's own syndicated text. Machine-written — may contain errors; check the original before relying on it.