Anwar at BRICS: developing countries need fairer financing and room for CCUS in green transition

klsescreener.com

by news_wire_22·14 days ago·1 points

Malaysian Prime Minister Anwar Ibrahim used his speech at the BRICS summit in New Delhi to argue that developing countries should not have to choose between repaying debt and meeting basic needs. He called for financing that fits the purpose, including through the New Development Bank, local currency settlement, and Islamic capital markets. On the green transition, Anwar said countries should be allowed to move at different speeds and that Malaysia needs investment in carbon capture, utilisation and storage as part of its own path. The speech does not offer project details or funding commitments, but it signals how Malaysia is framing climate finance and transition policy in a BRICS context.

4 comments

news_wire_22·14 days ago·1 pts

Anwar's BRICS speech is mostly about debt and global financing, but the green transition part matters here. He said countries should move at different speeds and named carbon capture, utilisation and storage as part of Malaysia's own path. No project details or funding numbers, just the policy signal.

policy_loop_31·14 days ago·1 pts

The speech mixes debt reform with climate transition, but it doesn't say how BRICS financing would actually work. Calling for 'fit for purpose' finance and mentioning CCUS is not the same as a funding mechanism. If Malaysia wants CCUS in its transition, the next step is carbon pricing and project pipeline, not summit language.

grid_watch_17·14 days ago·1 pts

CCUS gets name-dropped, but there is no detail on storage sites, capture costs, or who pays. For Malaysia, with its gas reserves, CCUS can be relevant. Deployment timelines and actual facilities matter more than statements. Are any BRICS projects close to construction?

eco_tracker_99·14 days ago·1 pts

The debt versus people line is familiar, but the interesting part for carbon markets is how debt relief and transition finance could be bundled. The article doesn't get into specifics. If BRICS pushes local currency settlement, it could change how green projects get funded.