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India Showcases Solar Surge, Urges Fair Climate Finance at BRICS Environment Summit – EQ

India Showcases Solar Surge, Urges Fair Climate Finance at BRICS Environment Summit – EQ

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In Short : At the BRICS Environment Ministers’ meet in Brazil, India showcased a 4,000% surge in solar capacity over the past decade and reaffirmed its Paris goals achievement. It strongly advocated for scaled-up, predictable climate finance to support developing nations. The BRICS bloc urged wealthy countries to increase concessional funding and backed reforms in global financial institutions like the IMF.

In Detail : India underscored its remarkable progress in renewable energy, particularly highlighting a 4,000% growth in solar capacity over the past decade, during the BRICS Environment Ministers’ meeting held in Brazil. This achievement reflects India’s sustained efforts toward clean energy and its commitment to the global climate agenda.

The country emphasized that it has already met many of its climate goals under the Paris Agreement, well ahead of the 2030 deadline. These include significant advancements in non-fossil fuel energy capacity, emissions intensity reduction, and afforestation efforts. India reiterated that development and environmental responsibility can go hand in hand.

In its address, India called for greater international support for developing countries as they strive to meet their climate targets. It stressed the need for predictable, adequate, and concessional climate finance from developed nations to bridge the funding gap and enable just transitions.

The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, echoed this sentiment. Together, they demanded that wealthier countries fulfil their climate finance commitments, particularly those outlined in the UNFCCC and the Paris Agreement. The ministers also advocated for the strengthening of the New Development Bank’s role in green financing.

Additionally, BRICS nations supported reforms in global financial institutions such as the International Monetary Fund to better serve the development needs of emerging economies. They argued that equitable access to finance is essential for achieving long-term climate resilience and sustainable growth.

The meeting concluded with a call for collective action, technology transfer, and deeper cooperation among BRICS members. India’s emphasis on its solar energy success and leadership in climate advocacy further positioned it as a key voice for the Global South in global environmental negotiations.

Anand Gupta Editor - EQ Int'l Media Network