India’s BRICS Pivot: Building a Parallel Climate Finance Architecture as CBAM Bites
The source argues India’s decision to withdraw from hosting COP33 reflects a shift away from UN-centered climate diplomacy toward BRICS-led financial and market architecture. Under India’s 2026 BRICS presidency, proposals focus on scaling the NDB, reducing dollar intermediation, and shaping carbon market interoperability to counter rising carbon border measures.