BRICS countries sign climate cooperation framework

MOSCOW: BRICS countries have adopted a framework document on climate and sustainable development, which includes the main aspects of joint actions in this direction, the Russian Economic Development Ministry said on Friday. "Following the two-day BRICS Climate Agenda in Modern Conditions Forum in Moscow, the BRICS countries adopted the framework on climate and sustainable development. The document covers all key aspects of climate action, including a just transition, mitigation, adaptation, carbon markets, finance, science, and business involvement," the ministry said in a statement, carried by Sputnik???. Russian Economic Development Minister Maxim Reshetnikov noted that all BRICS countries recognise the need to halt use of unilateral green protectionist measures by developed countries, as these measures negatively impact the economies and supply chains of developing nations. The second document, developed within the BRICS Contact Group on Climate Change and Sustainable Development, is a memorandum of und erstanding on the BRICS carbon markets partnership. The Ministry said that the launch of this partnership will allow BRICS countries to learn from each other's experiences in creating carbon markets and implement joint climate projects. Source: Emirates News Agency