BRICS Calls on Wealthy Nations to Fund Global Climate Transition While Endorsing Fossil Fuels’ Strategic Role

— July 8, 2025
At the conclusion of a two-day summit held in Johannesburg, leaders of the BRICS alliance—Brazil, Russia, India, China, and South Africa—issued a joint declaration urging wealthy nations to substantially increase climate financing for the developing world. While advocating for a rapid global transition to cleaner energy, the bloc controversially reaffirmed the importance of fossil fuels in meeting current development needs.
🌍 “Responsibility Must Be Shared, Not Shifted”
In a statement read by South African President Naledi Mokoena, BRICS leaders emphasized that climate justice must include financial and technological support from industrialized nations. “Developed economies bear the historical responsibility for the bulk of global emissions. They must lead with their wallets and their innovation,” she said.
The bloc demanded that rich nations honor and increase their commitments under the Paris Agreement, arguing that developing economies should not be forced to choose between poverty alleviation and decarbonization.
⛽ Defending the Fossil Fuel Bridge
While promoting a gradual shift to renewables, BRICS leaders argued that fossil fuels remain vital for energy security, job creation, and industrial growth. “Premature abandonment of hydrocarbons would imperil millions of livelihoods,” said Russian Deputy Prime Minister Oleg Morozov. India and China voiced similar sentiments, citing their reliance on coal and oil to power manufacturing sectors still critical to economic stability.
🛠️ Green Technology, But on Equitable Terms
The bloc also called for enhanced cooperation in green tech development, pledging to expand solar, wind, and biofuel initiatives domestically. However, leaders accused the West of monopolizing climate technology patents and warned against inequitable access.
💬 Global Reaction Mixed
Environmental groups praised BRICS’ push for fairness but criticized its defense of fossil fuels, warning that sustained emissions could undermine global climate targets. “Acknowledging the need for transition while doubling down on coal sends mixed signals,” said Ayisha Alam, policy director at ClimateFront Asia.
📌 Next Steps
BRICS officials announced plans to form a working group on climate finance transparency and technology sharing, aimed at presenting a formal proposal to the COP30 summit later this year in Indonesia.