BRICS Nations Call on Wealthy Countries to Fund Worldwide Net-Zero Transition

Brazilian President Luiz Inácio Lula da Silva called BRICS the heir to the Cold War era’s Non-Aligned Movement.

Brazilian President Luiz Inacio Lula da Silva and Chinese Premier Li Qiang at the 17th annual BRICS summit in Rio de Janeiro, on July 5, 2025. Bruna Prado/AP Photo

Leaders of the BRICS bloc said on July 6 that wealthy countries should pay to help poorer nations transition to net zero.

BRICS, made up of countries such as Brazil, Russia, India, China, and South Africa, is an alliance that sees itself as a counterweight to Western-led institutions.