BRICS members call for greater global uptake in renewable energy

Part of the session at the World Economic Forum at Davos.
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  • 鈥楪ulf states have ambitious plans for renewable energy development,鈥� chair of Chinese solar manufacturer tells WEF
  • UAE minister: Joining bloc 鈥榳asn鈥檛 about taking a political stance, but rather is part of an economic plan鈥�

LONDON: 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.

鈥淭he UAE, 黑料社区 and other Gulf states have ambitious plans for renewable energy development, and developing renewables isn鈥檛 just about climate change but also achieving green development, and so also about reducing poverty,鈥� he said.

鈥淭hese countries are world leaders, and their contribution in spreading green technology will better stimulate a green transition.鈥�

UAE Economy Minister Abdulla bin Touq Al-Marri said his country鈥檚 decision to become a BRICS member was motivated by the need to engage in a 鈥渇ragmented鈥� world.

鈥淲e aren鈥檛 living in a Cold War environment anymore, and so joining BRICS wasn鈥檛 about taking a political stance, but rather is part of an economic plan, as a way of engaging trade, traders, and supply and demand,鈥� he added.

鈥淚n the fragmented world in which we鈥檙e living, (BRICS) is creating new ways of dealing and to really grow economies moving forward.鈥�

Smriti Irani, India鈥檚 minister of women and child development, said the economic bloc is working toward an 鈥渁genda of growth, an agenda of inclusion.鈥�

She touted the success of India, which has experienced three years of 7 percent growth in terms of gross domestic product.

鈥淎s an Indian, I believe we鈥檝e proven the point of growth, reform and social justice,鈥� she said. 鈥淲hen we landed on the dark side of the moon, it wasn鈥檛 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.鈥�

While the UAE is among the latest additions to the bloc, South Africa鈥檚 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: 鈥淭he issue of expansion wasn鈥檛 something that emerged last year. It has been a continuing debate.鈥�

He added: 鈥淭hose discussions consider expanding at both an economic and political level, and then key issues concern how to mobilize members鈥� savings to ensure creation of a better development agenda.鈥�