The 11th BRICS Environment Ministers’ Meeting was held in Brasilia, Brazil.
India urged BRICS nations to unite on the ‘Baku to Belem Roadmap’.
BRICS accounts for 47% of the world’s population and 36% of global GDP (PPP).
A key focus was the Baku to Belem Roadmap, aimed at securing $1.3 trillion in climate finance to support Nationally Determined Contributions (NDCs).
The proposed $300 billion per year by 2035 under the New Collective Quantified Goal on Climate Finance falls significantly short of the $1.3 trillion target.