BRICS Declaration Keeps Fossil Fuels in the Mix as India and China Stay Top Coal Consumers
news18.comBRICS members China, India, Indonesia, and Russia are among the world's largest coal consumers, and the group's latest declaration keeps fossil fuels in the energy mix. The statement acknowledges coal's role while noting rapid renewable expansion, and it opposes the EU's carbon border tax. That puts the bloc in direct tension with European climate trade policy. For carbon markets, the declaration signals that major emitters are not ready to commit to coal phase-outs or external carbon pricing. The practical question is whether domestic renewables growth will actually displace coal or just add new capacity. Until dispatch rules, storage, and grid infrastructure change, coal stays in the system.
