009-Apr 4 India Calls on BRICS to Mobilize $1.3T 🧬
Climate Finance Environment & International Relations, GS2/GS3, Climate Finance, BRICS, COP30
By IAS Monk / April 4, 2025
🌍 The Big Ask
At the 11th BRICS Environment Ministers’ Meet in Brazil, India urged member nations to mobilize $1.3 trillion annually by 2035 to meet the climate goals of developing countries.
This is part of the broader “Baku to Belém Roadmap”—a new financial strategy launched at COP29.
📌 What is the Baku to Belém Roadmap?
| Element | Details |
|---|---|
| 📍 Origin-Destination | From COP29 in Baku (2024) to COP30 in Belém (2025) |
| 🎯 Goal | Mobilize $300B public funds + $1.3T total/year by 2035 |
| 🛠️ Nature | Not political—technical, inclusive, transparent |
| 🤝 Stakeholders | BRICS, G77, MDBs, Private Sector, Global South governments |
💡 Core Features of the Roadmap
- Debt-Light Instruments: Favors climate grants and equity over high-interest loans
- Mixed Modalities: Combines private equity, low-interest MDB loans, and grants
- Joint Action: Seeks synergized public-private co-financing mechanisms
- MDB Reforms: Advocates retooling multilateral banks to enable fair climate lending
📅 Why COP30 Matters
- Held in Brazil, Nov 2025
- Will review progress of the $1.3T goal
- Will set Adaptation Targets and push a Global Ethical Stocktake (GST)
- Critical to keeping global temperatures below 1.5°C
🌐 India’s Leadership in BRICS
India has pitched:
- A climate equity lens for all financing
- Easier access to concessional funds for developing economies
- Support for green transition without economic shockwaves
✨ Closing Whisper
“In a warming world, the currency of justice is green—not just in forests, but in funds.”
🔥 A Thought Spark – by IAS Monk
To finance survival is not charity—it’s the first step in global honesty. Let the trillions rise like tides, not debts.
