popular articles

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.

Please share:

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.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Global carbon coverage reaches 28%, compliance demand triples

Global emissions coverage by carbon pricing systems reaches 28%, driven by expanding compliance markets, where demand nearly tripled within one year, according to a World Bank report.
Vietnam initiates a pilot carbon market targeting steel, cement, and thermal energy industries to prepare for nationwide regulation starting in 2029.
Vietnam initiates a pilot carbon market targeting steel, cement, and thermal energy industries to prepare for nationwide regulation starting in 2029.
Höegh Evi and Aker BP received Approval in Principle from DNV for a maritime carrier designed to transport liquefied CO₂ to offshore storage sites in Norway.
Höegh Evi and Aker BP received Approval in Principle from DNV for a maritime carrier designed to transport liquefied CO₂ to offshore storage sites in Norway.
Norne and the Port of Aalborg begin construction of a 15 mn tonne per year CO2 terminal, supported by an EU grant.
Norne and the Port of Aalborg begin construction of a 15 mn tonne per year CO2 terminal, supported by an EU grant.

Lagos launches carbon credit project for 80 million households in Nigeria

The Lagos State government has launched a programme to deploy 80 million improved cookstoves, generating up to 1.2 billion tonnes of tradable carbon credits.
The US Department of Energy has cancelled 24 projects funded under the Biden administration, citing their lack of profitability and alignment with national energy priorities.
The US Department of Energy has cancelled 24 projects funded under the Biden administration, citing their lack of profitability and alignment with national energy priorities.
In the United States, the carbon black market faces unprecedented fluctuations in the first half of 2025, driven by declining industrial demand and persistent raw material volatility, casting doubts over the sector's future stability.
In the United States, the carbon black market faces unprecedented fluctuations in the first half of 2025, driven by declining industrial demand and persistent raw material volatility, casting doubts over the sector's future stability.
European and UK carbon markets paused this week as participants await clarity on future integration of both emissions trading systems.
European and UK carbon markets paused this week as participants await clarity on future integration of both emissions trading systems.

European Energy and Ammongas launch CO₂ capture project targeting 150,000 tons annually

A consortium led by European Energy has secured prequalification for a Danish carbon capture and storage project in Næstved, aiming to remove 150,000 tons of CO₂ per year under a national subsidy programme.
The joint project by Copenhagen Infrastructure Partners and Vestforbrænding is among ten initiatives selected by the Danish Energy Agency for public carbon capture and storage funding.
The joint project by Copenhagen Infrastructure Partners and Vestforbrænding is among ten initiatives selected by the Danish Energy Agency for public carbon capture and storage funding.
Canadian broker One Exchange partners with Stephen Avenue Marketing to create OX CO₂, a carbon trading platform combining digital technology and human expertise.
Canadian broker One Exchange partners with Stephen Avenue Marketing to create OX CO₂, a carbon trading platform combining digital technology and human expertise.
Russia has filed a complaint with the World Trade Organization (WTO) challenging the European Union's Carbon Border Adjustment Mechanism (CBAM), deeming it discriminatory and protectionist towards its strategic commodity exports.
Russia has filed a complaint with the World Trade Organization (WTO) challenging the European Union's Carbon Border Adjustment Mechanism (CBAM), deeming it discriminatory and protectionist towards its strategic commodity exports.

BP backs 12-year extension of UK carbon market through 2042

BP recommends extending the UK emissions trading system through 2042 and calls for alignment with the European market while supporting the inclusion of carbon removals in the scheme.
Aker takes over Aker Carbon Capture’s stake in SLB Capturi for NOK635mn, ahead of a NOK1.7bn distribution and company dissolution.
Aker takes over Aker Carbon Capture’s stake in SLB Capturi for NOK635mn, ahead of a NOK1.7bn distribution and company dissolution.
The partnership aims to develop a full logistics chain for CO2 capture, transport, liquefaction and storage, focused on Calcinor’s industrial operations.
The partnership aims to develop a full logistics chain for CO2 capture, transport, liquefaction and storage, focused on Calcinor’s industrial operations.
In response to increasingly stringent environmental regulations, the world's leading oil companies are significantly boosting their investments in carbon capture and storage (CCS) technologies, reshaping their industrial and financial strategies.
In response to increasingly stringent environmental regulations, the world's leading oil companies are significantly boosting their investments in carbon capture and storage (CCS) technologies, reshaping their industrial and financial strategies.

HYCO1 and Malaysia LNG sign memorandum of understanding for a carbon capture and utilization project

HYCO1 and Malaysia LNG Sdn. Bhd. have signed a memorandum of understanding for a carbon dioxide (CO2) capture and utilization project in Bintulu, Malaysia, aiming to transform 1 million tons of CO2 per year into low-emission syngas.
Carbon Capture, Utilization, and Storage (CCU) technologies are gaining traction in hard-to-decarbonize industrial sectors, offering innovative and economically viable solutions. The Oxford Institute for Energy Studies report explores these new pathways.
Carbon Capture, Utilization, and Storage (CCU) technologies are gaining traction in hard-to-decarbonize industrial sectors, offering innovative and economically viable solutions. The Oxford Institute for Energy Studies report explores these new pathways.
The outcome of Australia's elections could redefine national carbon market regulations, potentially triggering significant shifts in emissions reduction policies, directly impacting local carbon credit prices (ACCU).
The outcome of Australia's elections could redefine national carbon market regulations, potentially triggering significant shifts in emissions reduction policies, directly impacting local carbon credit prices (ACCU).
According to the latest data from S&P Global Commodity Insights, voluntary carbon markets experienced a significant contraction, with renewable credit retirements dropping by 34% in March and issuances decreasing by half.
According to the latest data from S&P Global Commodity Insights, voluntary carbon markets experienced a significant contraction, with renewable credit retirements dropping by 34% in March and issuances decreasing by half.

Microsoft signs record 6.75 Mt carbon removal deal with AtmosClear

Fidelis Infrastructure has entered a 15-year agreement with Microsoft to supply biomass-based carbon capture solutions in Baton Rouge, marking the world’s largest permanent carbon removal transaction to date.
The Danish government has granted Norne Thorning Storage an exploration licence to assess the Thorning geological structure for potential underground carbon dioxide storage by 2030.
The Danish government has granted Norne Thorning Storage an exploration licence to assess the Thorning geological structure for potential underground carbon dioxide storage by 2030.
Gevo and Future Energy Global have signed a multi-year agreement covering carbon credits from sustainable aviation fuels, supporting the construction of a new production facility in the United States.
Gevo and Future Energy Global have signed a multi-year agreement covering carbon credits from sustainable aviation fuels, supporting the construction of a new production facility in the United States.
Subsea7 has been awarded a major contract by Equinor for Phase 2 of the Northern Lights project, involving the installation of a CO2 pipeline offshore Norway, with operations scheduled for 2026 and 2027.
Subsea7 has been awarded a major contract by Equinor for Phase 2 of the Northern Lights project, involving the installation of a CO2 pipeline offshore Norway, with operations scheduled for 2026 and 2027.

Advertising