BRICS also acknowledged that the world is still decades away from giving up oil and gas, especially in its emerging-economy parts. “We acknowledge fossil fuels will still play an important role in the world’s energy mix,” the group said in its joint statement, “particularly for emerging markets and developing economies, and we recognize the need to promote just, orderly, equitable and inclusive energy transitions and reduce GHG emissions in line with our climate goals and observing SDG7, and the principles of technological neutrality and common but differentiated responsibilities and respective capabilities taking into account national circumstances, needs and priorities.”
