BRICS Speaks Out Against EU's Carbon Border Tax: A Test for Global Cooperation The European Union's decision to impose a carbon border tax as part of its carbon border adjustment mechanism has sparked opposition from the BRICS nations.
At their recent summit in New Delhi, these emerging economies voiced their concerns about what they see as an overreach of EU authority on climate policy.
From one perspective, this might seem like another example of rich countries imposing their will on poorer ones. However, there are legitimate reasons for the BRICS nations' resistance.