"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.
Russian Economic Development Minister Maxim Reshetnikov noted that all BRICS countries recognize the need to halt the 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 understanding on the BRICS carbon markets partnership. The Ministry said that the launch of this partnership allows BRICS countries to learn from each other's experiences in creating carbon markets and implement joint climate projects.