India stated on Thursday that developing countries will struggle to meet their climate goals unless developed nations provide adequate financial support, potentially resulting in insufficient climate action. This message was delivered during the BRICS Environment Ministers' meeting held in Brasilia, Brazil.

India emphasized the importance of climate justice and equity, stressing that the outcome of this year’s UN climate summit hinges on whether developed countries honor their climate finance commitments. It pointed out that the proposed $300 billion annually by 2035 under the New Collective Quantified Goal falls far short of the estimated $1.3 trillion needed. Without this support, India warned, many developing countries will be unable to meet their climate commitments.

With COP30 scheduled to take place in Brazil, India said the event presents a powerful opportunity to push for ambitious climate action. It urged BRICS nations to unite behind the COP30 Presidency and focus urgently on adaptation and resilience. India also noted a wide gap between current adaptation efforts and the scale required, identifying 2025 as a pivotal year with the expected conclusion of the UAE-Belem Work Programme on Adaptation at COP30. A strong outcome on the Global Goal on Adaptation — supported by appropriate funding and implementation — is essential, it added.

India further called on BRICS nations to ensure that the limited global carbon budget is shared fairly, placing priority on the development needs of poorer nations. It urged the group to act as a united voice in multilateral forums to promote an equitable and just transition. Highlighting the expansion of BRICS from five to eleven members, India said the bloc’s increased influence gives it a greater role in shaping the global agenda and driving sustainable development efforts.

As some of the world’s fastest-growing economies, BRICS nations face shared challenges like land degradation, air and water pollution, biodiversity loss, and resource management. India noted the group’s strong scientific and technical capabilities, which can be harnessed to develop cost-effective solutions tailored to developing countries.

Together, BRICS nations represent 47% of the global population and about 36% of the world's GDP in purchasing power parity terms. By 2050, the group is expected to be a major player in the global energy sector, accounting for over half of the world’s oil output, more than half of natural gas reserves, and a significant share of coal reserves. Additionally, BRICS’ control over key minerals and strategic metals will be crucial in facilitating the global shift toward clean energy and advanced technologies.

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