We welcome India's Candidacy to host COP 33 in 2028: BRICS declaration
In a joint declaration at the 17th BRICS Summit on Sunday, the leaders also expressed their commitment to remain united in pursuing the Paris Agreement's purpose and goals.
'We stress our commitment to uphold multilateralism as necessary to address challenges threatening our shared planet and future such as climate change. We resolve to remain united in the pursuit of the purpose and goals of the Paris Agreement and the objectives of the UNFCCC and call on all countries to uphold their existing commitmentas Parties to the UNFCCC and its Paris Agreement and to maintain and scale up their effort to combat climate change,' the joint statement read.
The BRICS is a forum for cooperation among a group of leading emerging economies. It includes 10 countries: Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, the Russian Federation, South Africa, and the United Arab Emirates.
"We further reaffirm our steadfast commitment, in pursuit of the objective of UNFCCC, to tackle climate change by strengthening the full and effective implementation of the Paris Agreement, including its provisions related to mitigation, adaptation and the provision of means of implementation to developing countries, reflecting equity and the principle of common but differentiated responsibilities and respective capabilities, in light of different national circumstances," the declaration said.
Prime Minister Narendra Modi attended the 17th summit of the BRICS leaders inBrazil's Rio de Janeirofrom July 5 to 7 which will be followed by a State Visit on July 8.
"In this regard, we express our full support to the Presidency of the United Nations Framework Convention on Climate Change (UNFCCC) COP-30, which will take place in the city of Belem, in Brazil, highlighting the importance of action and cooperation on all pillars of the UNFCCC as applicable considering each country's membership and commitments thereunder. We also underscore our full commitment to a successful COP30 that will catalise progress in implementing the UNFCCC and its Paris Agreement. We welcome India's Candidacy to host COP 33 in 2028," it added.
In December 2023, Prime Minister Modi had proposed that India host the United Nations-sponsored COP summit in 2028 as he sought to position the country as a global leader in climate action
Speaking at the opening ceremony of COP28 in Dubai, Modi reiterated his call for a 'just, inclusive and equitable' energy transition and said that India was committed to the United Nations Framework Convention on Climate Change (UNFCCC) process.
'I propose that India will host COP33 in 2028. I hope over next 12 days, the Global Stocktake will show us the path to a secure future,' he said at the ceremonial opening of the high-level segment for heads of States and governments.
The leaders called for a strengthened global response to climate change, in the context of sustainable development and poverty eradication. They endorsed the BRICS Climate Leadership Agenda as a statement of their resolve to exercise collective leadership through mutual empowerment, by advancing solutions that support BRICS development needs and priorities, while accelerating action and enhancing cooperation towards the full implementation of the UNFCCC and its Paris Agreement.
They stressed that this outcome demonstrates that multilateralism and Global South cooperation can shape a more inclusive and sustainable governance for a better future.
BRICS nations underscored the critical role of all types of forests. The joint declaration stated, "We underscore the critical role of all types of forests, including tropical forests, for conserving biodiversity, preserving water basins and soils and providing timber and non-timber forest products of high value for economic sectors, regulating hydrological cycles, as well as combatting desertification and serving as vital carbon sinks."
The leaders emphasised the urgent need to reform the governance of the Global Environment Facility (GEF) to ensure more balanced and equitable representation for developing countries, in line with the value of natural capital that these countries uphold.
"We commend Brazil's BRICS Chairship in 2025 and express our gratitude to the government and people of Brazil for holding the XVII BRICS Summit in the city of Rio de Janeiro." The leaders also expressed full support for India's BRICS Chairship in 2026 and the holding of the 18th BRICS Summit in India," the joint declaration said, according to news agency ANI.
We stress our commitment to uphold multilateralism as necessary to address challenges threatening our shared planet and future such as climate change.
Brazil assumed the BRICS Chairship on January 1, 2025, with the theme 'Strengthening Global South Cooperation for More Inclusive and Sustainable Governance'.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
31 minutes ago
- First Post
Is Xi Jinping's dream of being China's 'president for life' unravelling?
After over a decade of unchallenged authority, Xi Jinping is showing signs of stepping back. From skipping key summits like Brics in Brazil to quietly redistributing the Chinese Communist Party control, China's most dominant leader since Mao may be preparing for a shift. Is the era of Xi as 'president for life' beginning to fade as the 2027 Party Congress approaches? read more Chinese President Xi Jinping arrives at the Kremlin to attend a festive concert, held on the occasion of the 80th anniversary of the victory over Nazi Germany in World War Two, in Moscow, Russia, May 8, 2025. File Image/RIA Novosti via Reuters Chinese President Xi Jinping is beginning to relinquish some of his long-held control over the operations of the Chinese Communist Party (CCP). For the first time in his leadership, key responsibilities are being passed down to Party institutions and senior colleagues, a move that experts see as significant given Xi's history of centralising power. In late June, the Politburo — China's core political decision-making body — examined a new framework regulating Party-affiliated organs. These bodies, known as central commissions and leading groups, have played a growing role in Chinese governance throughout Xi's tenure. STORY CONTINUES BELOW THIS AD According to Xinhua, these groups are expected to focus on 'planning, discussing and checking on major matters.' This redefinition of duties aims to strengthen coordination across Party institutions, which have increasingly taken on functions that were once the domain of state agencies. Most of these organisations were either created or given expanded authority under Xi, especially in sensitive sectors such as finance, science and technology, cybersecurity and national security. Some of these entities have already begun operating under the leadership of figures other than Xi, including Premier Li Qiang, Vice Premier Ding Xuexiang, and Cai Qi, Xi's chief of staff. CCP devolves under Xi Jinping Over the last decade, the CCP has overhauled several state functions by transferring authority to Party-led mechanisms. During Xi's rule, the creation or elevation of 'leading small groups' into 'central commissions' has become a recurring strategy to assert direct Party oversight. This transformation has affected multiple policy areas, including economic reform, religious affairs, and overseas Chinese relations. A notable example is the transformation of the group overseeing Hong Kong and Macau. Initially a modest entity, it was upgraded to a Party commission in 2020 and took control from the previously dominant State Council-based office. Similar structural changes were implemented in 2023, where commissions on finance and science were placed under Li Qiang and Ding Xuexiang, respectively. The cyberspace commission, a critical agency for China's internet governance and data regulation, is now chaired by Cai Qi. Xi's muted visibility Xi Jinping's recent absences from major international events have also drawn attention. For the first time since assuming the presidency, he did not attend the Brics summit, held this year in Rio de Janeiro. Chinese Premier Li Qiang led the Chinese delegation. This followed a similar pattern in 2023, when Xi skipped the G20 summit in India. STORY CONTINUES BELOW THIS AD Between May 21 and June 5, Xi did not appear in public for 14 consecutive days. This unusually long silence, uncharacteristic for the Chinese president, added to questions about shifts in his leadership style. Additionally, a new Revolutionary Memorial Hall opened in Shaanxi Province was not named after Xi's father, Xi Zhongxun, despite expectations to the contrary. Xi Zhongxun was a senior figure in the Party, and the absence of his name from the hall stood out amid Xi Jinping's otherwise consistent emphasis on his revolutionary lineage. Xi Jinping, China's 'president for life' Xi Jinping's current authority stems from a series of institutional reforms and leadership consolidations that began when he assumed power in 2012. He rapidly ascended through the ranks, simultaneously holding the top three positions in China's political structure: General Secretary of the Communist Party, President of the country, and Chairman of the Central Military Commission. Soon after taking office, Xi launched a sweeping anti-corruption campaign that penalised over a million Party members and removed several high-ranking military officers. This effort bolstered his standing as an uncompromising reformer and helped dismantle potential opposition. STORY CONTINUES BELOW THIS AD During his second term, Xi's political clout was further cemented when he was formally designated as the 'core leader' of the CCP — a title previously reserved for Mao Zedong. In 2018, the National People's Congress approved a constitutional amendment eliminating the two-term limit for the presidency. This cleared the way for Xi to pursue a third term, which he secured in 2022 as General Secretary, followed by re-election as president in 2023. With this shift, Xi diverged from all his predecessors, who voluntarily stepped down after two five-year terms. His continuation in office without term limits earned him the unofficial title of 'President for Life.' Headwinds challenging Xi's power Despite his ironclad hold on power, Xi's tenure has not been without controversy or crisis. His handling of the Covid-19 pandemic faced widespread criticism, both domestically and internationally. When the virus emerged in late 2019, doctors who first raised alarms were detained, and Xi remained silent publicly until January 20, 2020, despite being briefed on the outbreak on January 7. This delay is widely viewed as a lost opportunity to contain the virus early. The subsequent enforcement of the 'zero-Covid' policy involved mass lockdowns, forced quarantines and extensive travel restrictions. Though initially hailed as a success, the policy eventually crippled China's economy and triggered rare public demonstrations. STORY CONTINUES BELOW THIS AD Its sudden reversal in December 2022 left millions un-vaccinated, particularly the elderly and raised questions about planning and transparency. By July 2022, only 51 per cent of citizens over the age of 80 had received a single vaccine dose, compared to 93 per cent in Japan. Economic challenges have also heated up. When Xi first came to power, China's GDP grew at 7.8 per cent in 2013, already slower than previous years. Since then, growth has steadily declined. Promises to double the size of the economy by 2035 remain far off-track amid a slowing property sector, declining exports and regulatory crackdowns on private enterprises. In foreign policy, Xi's assertive posture has alienated several regional neighbours. China's expansive claims in the South China Sea, under the so-called 'nine-dash line,' have escalated tensions with countries like the Philippines, Vietnam and Indonesia, pushing them closer to the United States — an outcome contrary to Beijing's strategic objectives. STORY CONTINUES BELOW THIS AD Dissent within the top ranks Xi's leadership has also seen repeated purges of top-level officials, indicating an undercurrent of instability within the CCP's upper echelons. In 2023 alone, Defence Ministers Wei Fenghe and Li Shangfu were removed from office. That same year, Foreign Minister Qin Gang — formerly ambassador to the US and a fluent English speaker — disappeared from public view just months into his role. While Wei and Li were reportedly ousted over corruption charges, no explanation has been offered for Qin's removal. The expulsion of Admiral Miao Hua from the Central Military Commission — the apex command structure of China's armed forces — further suggests discord within the military leadership. These developments, though rarely acknowledged in state media, hint at fractures inside the tightly guarded corridors of Chinese power. Although Xi continues to dominate headlines — appearing on the front page of People's Daily 157 times between April and June 2025 — there are clear signs that the monolithic image of his rule is being tested. What next ahead of CCP's National Congress in 2027? Xi Jinping turned 72 in June this year. The next significant milestone in China's political calendar is the 21st National Congress of the Communist Party, scheduled for 2027. That event will mark the end of Xi's third term as General Secretary and could provide clarity on whether he plans to remain at the helm or initiate a phased handover of responsibilities. STORY CONTINUES BELOW THIS AD Although some analysts have suggested that recent developments could indicate preparations for succession, others note that no apparent successor has been identified. Unlike previous leaders, Xi did not promote a designated heir at the end of his first term in 2017 and has refrained from doing so since. Also Watch: With inputs from agencies
Economic Times
32 minutes ago
- Economic Times
Tariff worries, Trump's BRICS swipe spark worst rupee fall in three weeks
The Indian rupee slumped on Monday as uncertainty about U.S. tariff policies resurfaced with President Donald Trump's threat of a fresh 10% levy on BRICS countries compounding pressure on the local currency alongside peers like South African rand and Chinese yuan. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Indian rupee slumped on Monday as uncertainty about U.S. tariff policies resurfaced with President Donald Trump 's threat of a fresh 10% levy on BRICS countries compounding pressure on the local currency alongside peers like South African rand and Chinese over U.S. trade policies dented risk sentiment across the board, pushing Asian currencies and equities into the red while U.S. equity futures pointed to a weak return from the long rupee had declined to a low of 86.0275 per U.S. dollar during the session but pared losses to close at 85.85 per U.S. dollar, down 0.5% on the day, its worst performance since mid-June, when it traded in the shadow of a military conflict between Israel and a social media post, President Donald Trump said the U.S. would start delivering tariff letters from 12:00 pm ET (1600 GMT) on a separate post, he rolled out a wholly new tariff policy, calling for countries "aligning themselves with the Anti-American policies" of the BRICS developing nations to be charged an extra 10% tariff, with no exceptions to be was not immediately clear if Trump's tariff threat would derail trade talks with India and other BRICS nations. The South African rand fell 1% after Trump's threat while the offshore Chinese yuan was down 0.2%.The absence of progress on trade negotiations over the weekend has come as a negative surprise for markets with Trump's BRICS remark especially hurting the rupee, said Dilip Parmar, a foreign exchange research analyst at HDFC expects the Reserve Bank of India to step in to support the rupee if volatility remains elevated due to uncertainty on U.S. trade the day, traders also pointed to strong dollar demand from a large local private bank which pressured the local currency.A fall below the 85.80 level triggered stop-losses and accentuated the day's move, a trader at a state-run bank said. He expects the currency to weaken to 86.50 in the near-term in the absence of positive developments on the trade front.
&w=3840&q=100)
Business Standard
43 minutes ago
- Business Standard
Rupee sees selloff on Trump's Brics tariffs; ends 47 paise lower at 85.86/$
The Indian Rupee slipped as renewed pressures hit the currency after US President Donald Trump threatened to impose a 10 per cent tariff on countries aligning with Brics policies. The domestic currency closed 47 paise lower at 85.86 against the dollar on Monday, the worst fall since June 13, according to Bloomberg. In intraday, the currency fell past the 86 mark, and pared losses on likely Reserve Bank of India (RBI) intervention. The Rupee traded weaker as dollar strength returned amid renewed uncertainty over US trade deals, according to analysts. With the 90-day tariff extension period nearing its end and no formal agreements signed yet, market sentiment has turned cautious, Jateen Trivedi, VP research analyst - commodity and currency at LKP Securities. President Trump, on Monday, threatened to levy an additional 10 per cent tariff on any country aligning itself with 'the Anti-American policies of BRICS,' fueling more uncertainty in the markets. 'Any country aligning themselves with the Anti-American policies of BRICS will be charged an ADDITIONAL 10 per cent Tariff,' Trump said in a Truth Social post. 'There will be no exceptions to this policy.' The group's leaders, over the weekend, agreed to continue talks on a cross-border payment system for trade and investments, according to a Bloomberg report. Trump had previously threatened to slap 100 per cent levies on Brics in case they drop the dollar in bilateral trade. Meanwhile, Treasury Secretary Scott Bessent told CNN that several major agreements are nearing completion, according to reports. As others remain out of reach, he added that some deals may include a three-week extension option. Following this, the dollar index, the measure of the greenback against a basket of six major currencies, was up 0.22 per cent at 97.39. The index has fallen 10.52 per cent so far this year. However, India and the US are likely to take a final decision on the 'mini trade deal' in the next 24-48 hours, as per media reports. In commodities, crude oil prices traded mixed after an initial fall as Opec+ announced a surprise increase in production. Brent crude price was up 0.34 per cent at $68.53 per barrel, while WTI crude prices were lower by 0.21 per cent at 66.86, as of 3:30 PM IST.
