China and India urge BRICS to counter unilateral carbon mechanisms and tariffs

In Brasilia, China and India urged BRICS members to resist carbon taxes and trade measures imposed without international consensus, calling for stronger existing multilateral frameworks.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

The People’s Republic of China has called on BRICS member countries to enhance coordination in countering unilateral environmental measures that it claims distort international trade flows. This statement was delivered by Minister of Environment Huang Runqiu during the 11th BRICS Environment Ministers’ Meeting, held in Brasilia, Brazil, on April 3, according to China Environment News, the official publication of China’s Ministry of Ecology and Environment.

The Chinese minister specifically criticised initiatives such as the European Union’s Carbon Border Adjustment Mechanism (CBAM) and the growing imposition of tariffs on clean energy products. He asserted that these unilateral instruments undermine the balance of international climate commitments and obstruct the transition toward a global low-carbon economy.

Call for a multilateral regulatory framework

Huang stated that BRICS should reinforce their unity to uphold the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement as the basis for the global regulatory structure. He stressed that cooperation within BRICS is essential to mitigate the effects of supply chain decoupling and rising trade protectionism.

China, the world’s largest steel producer, considers itself particularly affected by the CBAM, which will impose a carbon tax on imports of emission-intensive products into the European Union starting in 2026. Huang declared that China holds the largest global infrastructure for clean energy generation and low-emission steel production, thus highlighting the stakes involved in this European regulation.

Climate finance and regulatory disparities

India also used the meeting to underscore expectations surrounding the upcoming United Nations Climate Change Conference (COP30), scheduled to take place in Belém, Brazil, later this year. In a statement issued on April 3, India’s Ministry of Environment, Forest, and Climate Change introduced the so-called “Baku to Belém” roadmap, aimed at securing USD 1.3 trillion in funding for nationally determined contributions (NDCs).

India argued that the commitments made during COP29 in Baku—USD 300 billion annually by 2035 under the New Collective Quantified Goal on Climate Finance—remain inadequate. New Delhi thus backed Beijing’s call for BRICS to present a unified stance in international forums, representing the interests of developing countries in response to regulatory developments emerging from the Global North.

TotalEnergies reduced its stake in the Bifrost CO2 storage project in Denmark, bringing in CarbonVault as an industrial partner and future client of the offshore site located in the North Sea.
The United Kingdom is launching the construction of two industrial carbon capture projects, backed by £9.4bn ($11.47bn) in public funding, with 500 skilled jobs created in the north of the country.
Frontier Infrastructure, in partnership with Gevo and Verity, rolls out an integrated solution combining rail transport, permanent sequestration, and digital CO₂ tracking, targeting over 200 ethanol production sites in North America.
geoLOGIC and Carbon Management Canada launch a free online technical certificate to support industrial sectors involved in carbon capture and storage technologies.
AtmosClear has chosen ExxonMobil to handle the transport and storage of 680,000 tonnes of CO₂ per year from its future biomass energy site at the Port of Baton Rouge, United States.
The Dutch start-up secures €6.8mn to industrialise a DAC electrolyser coupled with hydrogen, targeting sub-$100 per tonne capture and a €1.8mn European grant.
Japan Petroleum Exploration is preparing two offshore exploratory drillings near Hokkaidō to assess the feasibility of CO₂ storage as part of the Tomakomai CCS project.
The Singaporean government has signed a contract to purchase 2.17 million mtCO2e of carbon credits from REDD+, reforestation and grassland restoration projects, with deliveries scheduled between 2026 and 2030.
The Canadian government is funding three companies specialising in CO2 capture and utilisation, as part of a strategy to develop local technologies with high industrial value.
European carbon allowance prices reached a six-month high, driven by industrial compliance buying ahead of the deadline and rising natural gas costs.
Zefiro Methane Corp. completed the delivery of carbon credits to EDF Trading, validating a pre-sale agreement and marking its first revenues from the voluntary carbon market.
Hanwha Power Systems has signed a contract to supply mechanical vapour recompression compressors for a European combined-cycle power plant integrating carbon capture and storage.
A prudent limit of 1,460 GtCO2 for geologic storage reshapes the split between industrial abatement and net removals, with oil-scale injection needs and an onshore/offshore distribution that will define logistics, costs and liabilities.
Frontier Infrastructure Holdings drilled a 5,618-metre well in Wyoming, setting a national record and strengthening the Sweetwater Carbon Storage Hub’s potential for industrial carbon dioxide storage.
The Northern Lights project has injected its first volume of CO2 under the North Sea, marking an industrial milestone for carbon transport and storage in Europe.
Verra and S&P Global Commodity Insights join forces to build a next-generation registry aimed at strengthening carbon market integration and enhancing transaction transparency.
Singapore signs its first regional carbon credit agreement with Thailand, paving the way for new financial flows and stronger cooperation within ASEAN.
Eni sells nearly half of Eni CCUS Holding to GIP, consolidating a structure dedicated to carbon capture and storage projects across Europe.
Investors hold 28.9 million EUAs net long as of August 8, four-month record level. Prices stable around 71 euros despite divergent fundamentals.
The federal government is funding an Ottawa-based company’s project to design a CO2 capture unit adapted to cold climates and integrated into a shipping container.