NEW Hindustan Times
Sat 03 Oct 2026 07:04:08 AM
Understanding carbon debt, factors behind BRICS stance on fossil fuels, and why it matters at COP31
SUMMARY
**Carbon Debt & BRICS at COP31**
Carbon debt refers to historical emissions by developed nations, creating climate inequality. BRICS nations (Brazil, Russia, India, China, South Africa) resist rapid fossil fuel phaseouts, citing development needs, energy security, and demanding climate finance from wealthy polluters. At COP31, this tension shapes negotiations, as BRICS argues developed countries must pay their carbon debt before imposing restrictions on developing economies still reliant on fossil fuels for growth and poverty reduction.
Carbon debt refers to historical emissions by developed nations, creating climate inequality. BRICS nations (Brazil, Russia, India, China, South Africa) resist rapid fossil fuel phaseouts, citing development needs, energy security, and demanding climate finance from wealthy polluters. At COP31, this tension shapes negotiations, as BRICS argues developed countries must pay their carbon debt before imposing restrictions on developing economies still reliant on fossil fuels for growth and poverty reduction.
Relevant For:
Prelims + Mains
GS - III
Environment & Ecology
Focus Area
Carbon Debt
BRICS Climate Policy
Fossil Fuels
COP31
Climate Finance
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