Particle.news

Download on the App Store

BRICS Nations Reject EU Carbon Border Tax

Speaking at their Rio summit, the bloc says the levy breaches UN climate rules by penalizing imports from developing countries.

Image
Image
Image

Overview

  • BRICS leaders adopted a Framework Declaration on July 7–8 formally condemning the EU’s Carbon Border Adjustment Mechanism as a unilateral, punitive trade barrier that hinders developing economies’ clean-energy transitions.
  • The declaration asserts the levy violates Article 3(5) of the UN Framework Convention on Climate Change by imposing arbitrary discrimination and disguised restrictions on international trade.
  • BRICS demanded that wealthy nations meet their UNFCCC and Paris Agreement commitment to provide at least US$100 billion annually in climate finance through 2025 and scale support to US$300 billion per year by 2035.
  • The group called for adaptation funding to double from 2019 levels by 2025 and stressed that finance must be primarily concessional, grant-based and directly accessible to local communities.
  • Leaders urged developed countries to close pre-2020 mitigation gaps, strengthen 2030 emissions targets and pursue net-zero emissions well before 2050 to ensure an equitable global transition.