The BRICS nations approved a key document on climate finance in Brasília. This occurred during the High-Level Meeting on Climate Change and Sustainable Development. The meeting was held in the Brazilian capital.
The document sets guidelines for joint actions by countries of the Global South. It aims to strengthen efforts toward COP30, to be held in Belém. This is the first time the BRICS bloc has adopted a common framework in this area.
BRICS nations agreed to facilitate the use of patents and technologies related to climate change. They also agreed to establish a joint platform for technological research and development. This platform will focus on climate solutions.
An agreement was reached to create a BRICS laboratory. This lab will analyze the impact of climate measures on international trade. Consensus was also reached on harmonizing methodologies for carbon accounting.