BRICS nations need stronger frameworks to mobilise private capital at scale: Nirmala Sitharaman NEW DELHI: BRICS nations, including India, China, Russia, South Africa, Brazil and others, on Tuesday opposed the European Union’s carbon border adjustment mechanism (CBAM) and any other such trade barriers, calling them “unilateral, punitive, discriminatory and protectionist measures”.CBAM, which entered its operational regime on January 1, is a tool to put a price, through imposing a border tax, on carbon-intensive goods, like iron and steel, aluminium and cement, that are entering the 27 EU nations.India opposed the proposal from the time it was conceived, arguing that the unilateral move placed an additional burden on businesses in developing economies due to embedded emissions in their products.“We oppose unilateral, punitive, discriminatory and protectionist measures that are not in line with international law, such as CBAM, and express concern that such measures undermine efforts by countries, specifically the developing countries, aimed at addressing the adverse impacts of climate change, increasing adaptive capacity and resilience,” said BRICS nations’ joint ministerial statement (JMS) adopted unanimously at the conclusion of the group’s 12th environment ministers’ meeting here.Delivering his keynote address at the meeting, held under India’s BRICS chairship 2026, Union environment minister Bhupender Yadav highlighted the growing global environmental challenges of climate change, biodiversity loss, pollution and disaster risks, and called for stronger cooperation among 11 member countries of the group on forest fire prevention, preparedness, early warning, response and post-fire recovery.The meeting unveiled four knowledge compendiums prepared by the BRICS Environment Working Group, reflecting leading practices, knowledge systems and innovations among the member countries.The countries also adopted four outcome documents, including terms of reference for a network of BRICS institutions to advance knowledge sharing, research and innovation in sustainable lifestyles, and integrated landscape management for combating desertification.Join conversationView All Comments →Share your thoughts in the commentsInsightfulAgreeDisagreeSkepticalConcerningPromisingWorth ReadingBig DevelopmentPost CommentBe respectful · TOI community guidelinesBesides Brazil, Russia, India, China and South Africa, other members of the group are Egypt, Ethiopia, Indonesia, Iran, UAE and Saudi Arabia. These countries, put together, account for 40% of global GDP. Ministers or heads of delegations of all member countries, except Saudi Arabia, attended the ministerial meeting.Get the latest India News and Live updates. Download the TOI app.About the AuthorVishwa MohanVishwa Mohan is Senior Editor at The Times of India. He writes on environment, climate change, agriculture, water resources and clean energy, tracking policy issues and climate diplomacy. He has been covering Parliament since 2003 to see how politics shaped up domestic policy and India’s position at global platform. Before switching over to explore sustainable development issues, Vishwa had covered internal security and investigative agencies for more than a decade.Read MoreEnd of ArticleFollow Us On Social MediaVideosAAP Leader Satyendar Jain Arrested In Delhi Jal Board ‘Corruption’ Case; Kejriwal Hits Out At BJPTrump Praises India’s Voter ID System, Pushes Same In US, Puts CEC Gyanesh Kumar In SpotlightBihar Transfers 18 Top Cops, Including Siwan SP, Amid Row Over AK-47 Use During Student Protest‘Join Republican Party’: Union Minister’s Big NDA Offer To CJP Founder Abhijeet Dipke30,000 Protesters, 5,000 Cops: Delhi Police Defends Force Before Supreme Court In Protest CaseSIT Gives Clean Chit To Champat Rai & Anil Mishra In Ayodhya Probe, Submits Final Report | WatchVijay Apologises In Assembly After Karunanidhi Remark Sparks DMK Uproar Over Decorum BreachCriminal Cases Against Netas: 4,192 Trials Pending, 170 Lok Sabha MPs Face Serious ChargesJSSC-CGL CANCELLED: Jharkhand Students Celebrate After Government Accepts Key Demands“No Compensation, Build A School”: CJP Volunteer Emotional Tribute To Father Leaves Ranka In Tears123PhotostoriesAishwarya Rai Bachchan just reopened the timeless beauty files with these unseen Cannes 2026 gown photosYour liver may be struggling without pain: 7 warning signs you can spot in your eyes, skin and urine10 baby girl names drawn from ancient texts and mythologies associated with wisdomOptical illusion personality test: Elephant or village? What you see first reveals a hidden side of your personalityTravel vlogger Shenaz Treasury gets a vampire facial: Know its benefits, risks, and cost in India?‘Kantara’ star Rishab Shetty wore a black kurta and silk dhoti with a Gandaberunda motif, for a look fullof regal drama at Melbourne9 Simple daily remedies to enhance the power of your planetsHow to peel garlic quickly: 7 easy ways to remove garlic skin without sticky fingersRhea Chakraborty’s new luxurious home: A dreamy closet, French windows and moreBest time to oil your hair for growth: Morning, night, or before a wash? The truth is finally out123Hot PicksArshdeep Singh DangBank holidays this weekBihar STET 2026BJP new teamJharkhand ProtestJSSC-CGL exam cancelledSatyendar JainSupreme Court HolidayTwisha SharmaTop TrendingTwisha SharmaDelhi Draft PollMadhya Pradesh AccidentKolkata Airport Building FireAbhijeet DipkeKiren RijijuBengaluru Double MurderWeather TomorrowBengaluru RapidoBen Gvir
NEW DELHI: BRICS nations, including India, China, Russia, South Africa, Brazil and others, on Tuesday opposed the European Union’s carbon border adjustment mechanism (CBAM) and any other such trade barriers, calling them “unilateral, punitive, discriminatory and protectionist measures”.CBAM, which entered its operational regime on January 1, is a tool to put a price, through imposing a border tax, on carbon-intensive goods, like iron and steel, aluminium and cement, that are entering the 27 EU nations.India opposed the proposal from the time it was conceived, arguing that the unilateral move placed an additional burden on businesses in developing economies due to embedded emissions in their products.“We oppose unilateral, punitive, discriminatory and protectionist measures that are not in line with international law, such as CBAM, and express concern that such measures undermine efforts by countries, specifically the developing countries, aimed at addressing the adverse impacts of climate change, increasing adaptive capacity and resilience,” said BRICS nations’ joint ministerial statement (JMS) adopted unanimously at the conclusion of the group’s 12th environment ministers’ meeting here.Delivering his keynote address at the meeting, held under India’s BRICS chairship 2026, Union environment minister Bhupender Yadav highlighted the growing global environmental challenges of climate change, biodiversity loss, pollution and disaster risks, and called for stronger cooperation among 11 member countries of the group on forest fire prevention, preparedness, early warning, response and post-fire recovery.The meeting unveiled four knowledge compendiums prepared by the BRICS Environment Working Group, reflecting leading practices, knowledge systems and innovations among the member countries.The countries also adopted four outcome documents, including terms of reference for a network of BRICS institutions to advance knowledge sharing, research and innovation in sustainable lifestyles, and integrated landscape management for combating desertification.
Share your thoughts in the comments
Be respectful · TOI community guidelines
Besides Brazil, Russia, India, China and South Africa, other members of the group are Egypt, Ethiopia, Indonesia, Iran, UAE and Saudi Arabia. These countries, put together, account for 40% of global GDP. Ministers or heads of delegations of all member countries, except Saudi Arabia, attended the ministerial meeting.