BRICS power emissions hit a record high in Q1
The BRICS group, consisting of Brazil, Russia, India, China, and South Africa, collectively emitted a record-breaking 1.98 billion metric tons of carbon dioxide from power generation during the first quarter of 2024, according to data from energy think tank Ember.
This figure surpassed the emissions output of the rest of the world combined by approximately 500 million tonnes, showcasing the widening disparity in pollution trends between these key emerging economies and the most developed nations.
China and India were the major contributors, accounting for over 90 per cent of the total emissions from the BRICS group during the period, underscoring the significant power pollution concentration within the bloc due to their heavy reliance on coal.
As two influential members, China and India hold sway over trade agreements and foreign investment initiatives, with China emerging as the world’s leading power producer and renewable energy developer.
Despite China’s strides in renewable energy, accusations of unfair trade practices, such as dumping solar panels and electric vehicles onto global markets at undercut prices, have led to trade disputes with the United States and Europe.
Similarly, India, while pledging to achieve net-zero carbon emissions by 2070, faces challenges due to its continued reliance on coal.
While Russia witnessed a sharp growth in power emissions, Brazil and South Africa maintained emissions levels flat. These trends set BRICS members apart from many western nations in terms of emissions policies and priorities.
However, the allure of economic growth and trade opportunities with BRICS nations, which are major producers and exporters of various commodities, including fossil fuels, remains appealing to emerging economies.
Despite the influence of western values on environmental issues, BRICS nations’ focus on economic growth may prioritise industrial expansion over emission reduction efforts.
As BRICS nations potentially seek new members aligned with growth-oriented agendas, the push for emissions reduction could take a backseat to further industrial development.
Attribution: Reuters
