BRICS backs carbon market cooperation while opposing unilateral CBAM - downtoearth.org.in
BRICS backs carbon market cooperation while opposing unilateral CBAM - downtoearth.org.in
Source: downtoearth.org.in
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DW NOTE
BRICS condemns the EU's Carbon Border Adjustment Mechanism while proposing their own carbon market framework. Translation: we oppose your tariff system because we want our own tariff system. The bloc that includes the world's largest coal consumer and a petro-state currently blocking 6% of global oil supply through the Strait of Hormuz has discovered environmental multilateralism.