The five BRICS nations have signed an MOU that sets up conditions for a partnership between the members of the block to establish joint carbon markets projects and targets.
Russian Economic Development Minister Maxim Reshetnikov underscored the unified position of the BRICS nations against unilateral green protectionist measures. “All BRICS countries oppose unilateral green protectionist measures by developed nations, as these harm the economies and supply chains of developing countries,” Reshetnikov stated.