Energy Report BRICS India 2021

BRICS countries have an imperative role to play in the global energy agenda in line with their share in the world’s energy production and consumption. Hence, numerous mechanisms have been established in BRICS to further deepen cooperation in the field of energy.

BRICS Energy Cooperation is not just about challenging the prevalent system but reforming it as well with the objective of achieving sustainability in energy consumption. Energy consumption is linked with the climate change issues and, in this regard, BRICS has emerged as a thought leader in providing potential and pragmatic solutions. With a quarter of world’s GDP and about one-third of the world energy consumption, policies adopted by BRICS countries will have a substantial impact on influencing climate change policies in the international arena. BRICS ERCP is now a global platform for promoting energy based sustainable development, sharing of advanced energy technologies, expansion of cooperation on educational programs, as well as exchange of statistical data and plans on the development of national energy systems and information on best practices and regulatory frameworks in the energy sector.