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Lula Champions Global South Leadership in Climate Fight, Urges New Financial Paradigms at BRICS Summit

Updated: July 07, 2025 19:53

Image Source: ET Government
Brazilian President Luiz Inácio Lula da Silva has called on BRICS nations to spearhead a new development model centered on climate justice and equitable financing. Speaking at the BRICS Summit in Rio de Janeiro, Lula emphasized that developing countries are the most vulnerable to climate change but remain the least equipped to mitigate or adapt to its impacts.
 
Key Highlights and Strategic Messaging:
  • Lula stated that the Global South must not be passive recipients of aid but active architects of a new climate and development paradigm.
  • He criticized the failure of wealthy nations to fulfill climate finance pledges and proposed alternative models led by emerging economies, including Brazil’s own initiatives.
  • Brazil is reportedly working on a sovereign climate finance framework that blends public investment with concessional lending and green bonds to fund adaptation and mitigation projects in Latin America and Africa.
  • Lula reiterated that climate change is not just an environmental issue but a developmental one, disproportionately affecting food security, health, and infrastructure in poorer nations.
  • He urged BRICS to push for reforms in global financial institutions to ensure fairer access to climate funds and technology transfers.
Context and Forward Outlook:
  • The remarks come ahead of COP30, which Brazil will host in November 2025, where Lula aims to position the country as a bridge between developed and developing economies.
  • The speech aligns with Brazil’s broader foreign policy pivot toward multilateralism, South-South cooperation, and sustainable development leadership.
Sources: UN News, France24, Planalto.gov.br, BRICS Summit 2025 Proceedings, Reuters Brazil Desk

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