BRICS

BRICS Nations Urged to Adapt Fiscal Policies to Clean Energy Transition

Governments receiving revenue from fossil fuels will see a sudden gap in budgets if they don’t adapt their fiscal policy to the clean energy transition A new report has warned that if governments receiving a lot of revenue from fossil fuels—whether through their consumption or production—will see a sudden gap in their budgets if they […]

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NDB Clears $300 Mn to Fund South African Energy Sector

The recipient authority would be the Development Bank of South Africa who would further distribute funds according to the government allocations. New Development Bank (NDB), a multilateral development bank established by BRICS states, has approved the USD 300 million loan to fund energy sector projects in South Africa. The recipient authority would be the Development […]

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India’s Green Good Deeds gets global recognition; to be in BRICS Ministerial agenda in Brazil, Russia

Dr Harsh Vardhan at the ongoing 4th BRICS Environment Ministerial in Durban, South Africa had urged the BRICS nations to jointly help in development of a social movement to fight for the protection and conservation of environment. Green Good Deeds, the societal movement launched by Environment, Forest & Climate Change Minister Dr Harsh Vardhan to […]

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First Project of BRICS Development Bank Starts Operation

The The New Development Bank approved its loans worth USD 811 million in April 2016. Four of the bank’s loan projects are in China. The first project funded by The New Development Bank, set up by India and other members of the BRICS grouping of emerging economies, has started operation in Shanghai. The USD 76 […]

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South Africa supports India on local sourcing of solar equipment manufacturing

South Africa has backed India’s local sourcing rules in solar equipment manufacturing, while calling for BRICS countries to come up with a joint strategy to work around regulations of the World Trade Organization (WTO). South Africa’s Trade and Industry Minister Rob Davies said, “BRICS nations need to compare notes on how to re-construct their renewable […]

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BRICS Working Group meets on “Energy Saving and Energy Efficiency” in Visakhapatnam

The BRICS Working Group meets in Visakhapatnam to chalk out plan on enhancing cooperation in energy efficiency and energy saving. All BRICS nations, viz., Brazil, Russia, China and South Africa will make presentations during the two day (4th -5th July) deliberations starting Monday. India, a member of the BRICS will showcase its efforts in energy […]

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BRICS Bank Open its First Loan Likely for Indian Solar Sector

The New Development Bank established by BRICS countries is to open up its first loan which is up to USD 2 billion this year by aggregating multilateral lender’s first loan to India which could be for a green solar energy project, president K V Kamath said. Kamath, said the bank is also looking for water […]

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