India Calls for $1.3 Trillion Climate Action Fund at BRICS 11th Environment Ministers' Meet in Brazil | CliqExplainer

At the 11th BRICS Environment Ministers’ Meeting held in Brasília, Brazil, India urged BRICS nations to mobilize $1.3 trillion for climate action to meet sustainability targets. Representing India, Amandeep Garg, Additional Secretary at the Ministry of Environment, Forest and Climate Change (MoEFCC), highlighted the critical need for collective climate cooperation among BRICS countries. India stressed the urgent requirement to close climate finance gaps to meet the 2030 Climate Agenda and achieve the United Nations’ Sustainable Development Goals (SDGs).

India’s Proposal to Mobilize $1.3 Trillion for Climate Finance

India raised concerns over the proposed New Collective Quantified Goal on Climate Finance, which allocates $300 billion annually by 2035, calling it insufficient to meet global climate goals. It advocated for more ambitious climate finance mechanisms that enable developing nations to honor their climate commitments while continuing their development path. The Indian delegation pointed to the Baku to Belem Roadmap, which aims to secure $1.3 trillion for climate financing, crucial for supporting Nationally Determined Contributions (NDCs).

With 47% of the world’s population and 36% of global GDP (PPP), BRICS represents a powerful bloc in global climate negotiations. India emphasized the importance of BRICS as a coalition for a fair and just climate transition, advocating for equitable carbon budgeting. As COP30 is scheduled to be hosted by Brazil, India stressed that BRICS must continue to play a pivotal role in ensuring sustainable growth alongside climate action for developing nations.

India also showcased its leadership in circular economy and resource efficiency. It highlighted the Resource Efficiency and Circular Economy Industry Coalition (RECEIC) launched during India’s G20 Presidency. India also called for a just transition rooted in equity and emphasized the need for equitable access to climate finance, green technologies, and capacity-building opportunities.

BRICS’ Expanded Role in Global Environmental Policy

As BRICS expands to 11 countries, India underscored that the coalition is better positioned to tackle global environmental challenges such as desertification, biodiversity loss, pollution, and marine plastic waste. India reaffirmed its commitment to sustainable environmental management through initiatives like the Partnership for Urban Environmental Sustainability, Clean Rivers Programme, and Sustainable Urban Management.

India also reaffirmed its commitment to biodiversity conservation through the International Big Cat Alliance and called for BRICS nations to collaborate on global initiatives such as the International Solar Alliance, the Leadership Group for Industry Transition, and the Global Biofuel Alliance. India emphasized that these collaborations are essential to building collective climate resilience and advancing sustainable development globally.

The post appeared first on .