January 19, 2024
2 mins read

BRICS members call for greater global uptake in renewable energy

Smriti Irani said the economic bloc is working toward an “agenda of growth, an agenda of inclusion…reports Asian Lite News

Members of the BRICS alliance have called for greater global uptake in renewable energy as a means to not only tackle climate change but global economic inequalities.

BRICS countries were responsible for 55 percent of solar capacity added to the international grid in 2023. While China led the way, adding 40 percent of new capacity, Brazil, India and South Africa also found themselves among key producers.

Gao Jifan, chair of Chinese solar manufacturer Trina Solar, told the World Economic Forum in Davos on Thursday that the developments made by BRICS nations will benefit the whole world. “The UAE, Saudi Arabia and other Gulf states have ambitious plans for renewable energy development, and developing renewables isn’t just about climate change but also achieving green development, and so also about reducing poverty,” he said.

“These countries are world leaders, and their contribution in spreading green technology will better stimulate a green transition.” UAE Economy Minister Abdulla bin Touq Al-Marri said his country’s decision to become a BRICS member was motivated by the need to engage in a “fragmented” world.

“We aren’t living in a Cold War environment anymore, and so joining BRICS wasn’t about taking a political stance, but rather is part of an economic plan, as a way of engaging trade, traders, and supply and demand,” he added. “In the fragmented world in which we’re living, (BRICS) is creating new ways of dealing and to really grow economies moving forward.”

Smriti Irani said the economic bloc is working toward an “agenda of growth, an agenda of inclusion.” She touted the success of India, which has experienced three years of 7 percent growth in terms of gross domestic product.

“As an Indian, I believe we’ve proven the point of growth, reform and social justice,” she said. “When we landed on the dark side of the moon, it wasn’t a celebration of India alone, it was about cooperation in space tech. BRICS is the place to be as a bridge between the Global North and the Global South.” While the UAE is among the latest additions to the bloc, South Africa’s Finance Minister Enoch Godongwana said there remains scope for further expansion.

Asked whether there was a driving or deciding force behind the decision to invite a further six nations to join the group, he said: “The issue of expansion wasn’t something that emerged last year. It has been a continuing debate.”

He added: “Those discussions consider expanding at both an economic and political level, and then key issues concern how to mobilize members’ savings to ensure creation of a better development agenda.”

ALSO READ-India a partner that BRICS can count on, says Smriti Irani  

Previous Story

India a partner that BRICS can count on, says Smriti Irani  

Next Story

Global alliance calls for inclusive access to advanced AI

Latest from -Top News

World Bank Warns of Growing Poverty in Pakistan

Instead of concentrating on rural development to reduce poverty, the Pakistan government has been focused more on increasing defence expenditure….reports Asian Lite News The World Bank has voiced deep concern over Pakistan’s

Hasina Faces Arrest in War Crimes Probe

Two formal charges were submitted by the ICT prosecution against Hasina and her security and defence advisor, Tarique Ahmed Siddique….reports Asian Lite News Bangladesh’s International Crimes Tribunal (ICT) on Wednesday issued arrest

Peace in Afghanistan Vital, Says India

The Indian delegation at the meeting was led by Ambassador to Russia Vinay Kumar who expressed support for independent, peaceful and stable Afghanistan….reports Asian Lite News On Tuesday, India reaffirmed that a

India, Qatar Strengthen Trade Ties

Goyal expressed optimism about the growing economic engagement between the two countries, stating, “Glad to meet Ahmed bin Mohammed Al-Sayed….reports Asian Lite News Union Minister of Commerce and Industry Piyush Goyal met
Go toTop

Don't Miss

India-China bilateral talks focus on ‘peace in border area’

The two foreign ministers held detailed discussions, on the sidelines

Bill Gates lauds India’s rise as ‘global leader in innovation’

Gates expressed hope to continue partnering with India on its