U.S. President Donald Trump remains lonely in his denunciation of the Agreement signed in Paris at COP 21 in December 2015 to keep the increase in global warming to well below 2°C above pre-industrial levels and the foreign ministers of Brazil, Russia, India, China and South Africa have recently reiterated their opposite stance.

“The Ministers stressed the need for more effective international action on climate change, reaffirmed the commitment of BRICS countries to the full implementation of the Paris Agreement,” a statement reads.

“They urged developed countries to support developing countries, including through honoring their financial commitments and the transfer of technology, which are the most critical enablers for climate action,” it further underlines.

In addition to their advocacy for multilateralism, both Beijing and Moscow claim to support Brasilia, New Delhi and Pretoria in their willingness to play a greater role at the United Nations (UN) and particularly at the Security Council (UNSC) “with a view to making it more representative, effective and efficient.”

Contents published on Cyceon.com do not constitute investment advice.


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