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BRICS Says West Should Pay for Global South’s Energy Transition

OilPrice · Charles Kennedy · last updated
The world’s wealthiest countries should finance the energy transition of poorer countries, BRICS said in a joint statement during a gathering in Brazil. “We emphasize that ensuring accessible, timely and affordable climate finance for developing countries is critical for enabling just transitions pathways that combine climate action with sustainable development,” the group said in its statement. “We underscore that the provision and mobilization of resources under the UNFCCC and its Paris Agreement is a responsibility of…