BRICS Nations Decry and Oppose EU’s Carbon Border Tax on Imports

In a strong statement, BRICS nations condemned and rejected the EU's Carbon Border Adjustment Mechanism (CBAM), calling it a unilateral, discriminatory trade barrier disguised as climate policy. They argued CBAM violates international trade and climate agreements, harms developing countries’ economic growth, and limits resources for clean transitions. The group emphasized that such measures hinder global supply chains and investment in sustainable development. They urged developed nations to fulfill climate finance commitments, stressing the need for increased, grant-based funding for adaptation. BRICS called for non-discriminatory trade and climate finance access, aligning with the UNFCCC’s principles of fairness and support for developing countries.