BRICS leaders at the New Delhi summit rejected carbon border adjustment mechanisms, calling them unilateral and protectionist. The declaration says these measures undercut developing countries' ability to adapt to climate change, and it repeats the group's demand that developed nations provide adequate and predictable finance, technology transfer, and capacity building support. Beyond CBAM, the grouping backed cooperation on carbon markets through a BRICS Carbon Markets Partnership and highlighted adaptation, disaster resilience, and forest-based carbon sinks. The declaration also references the Tropical Forest Forever Facility and calls for coordinated action on debt sustainability to free up climate investment. Anyone tracking carbon market policy should note the gap between the declaration's principles and implementation. It signals political alignment against import carbon tariffs, but leaves concrete funding targets and carbon market rules unspecified.
