BRICS condemns EU carbon tax, calls for climate finance boost

BRICS countries have criticized the European Union's carbon border adjustment mechanism, arguing it unfairly targets developing nations. The bloc called for a substantial increase in international funding to assist developing countries in adapting to climate change impacts.

The statement reflects BRICS concerns over unilateral trade measures that could disadvantage emerging economies. Member nations emphasized the need for equitable global climate action with enhanced financial support from developed countries to address climate adaptation challenges.