Energy security is a pressing currency challenge, says Manohar Lal at BRICS meet

He emphasized the need to strengthen BRICS cooperation to ensure economic stability and sustainability, as well as to promote equitable access to energy resources globally.

He reaffirmed India’s unwavering commitment to building a sustainable and inclusive energy future and lauded Brazil’s leadership under the theme, 'Strengthening Global South Cooperation for More Inclusive and Sustainable Governance.'

He further emphasized the critical role of energy security, access, and affordability in advancing global development goals.

He also emphasized the role of the Global Biofuels Alliance in advancing cooperation in the biofuels sector and underscored India’s commitment to energy efficiency through innovative programs such as the Energy Conservation Sustainable Buildings Code, rooftop solar initiatives, and efficient appliance standards.

He underscored the vital role of fossil fuels in the global energy mix—especially for developing countries—and urged greater cooperation to promote their cleaner and efficient use through technologies such as coal gasification, carbon capture and storage, and green chemical innovations.

In conclusion, Sh. Manohar Lal extended an invitation to the BRICS nations to participate in the next BRICS Energy Gathering, scheduled for 2026 in India, reaffirming the country’s commitment to leading the energy agenda for the Global South.

Some of the key outcomes from the Energy Ministerial Communiqué jointly adopted by the BRICS Energy Ministers:

The BRICS Energy Ministers reaffirmed their commitment to strengthening energy security and advancing UN Sustainable Development Goal 7 (SDG 7), focusing on universal electricity access, clean cooking, and tackling energy poverty.

They emphasized the need for just, inclusive, and balanced energy transitions in response to climate change.

While acknowledging the continued role of fossil fuels—particularly in developing countries—they stressed the importance of reducing greenhouse gas emissions in alignment with SDG 7 and global climate targets guided by technological neutrality and the principle of common but differentiated responsibilities and respective capabilities (CBDR-RC).

The Ministers called for stronger partnerships, supported open, fair, and non-discriminatory international energy markets, and encouraged the use of local currencies in energy trade.

They recognized the fundamental role of the BRICS Energy Research Cooperation Platform and welcomed the updated BRICS Roadmap for Energy Cooperation (2025–2030) as key to deeper collaboration.

Affirming each country's right to determine its own energy transition path and pace, the Ministers advocated efficient use of all energy sources and called for increased concessional and low-cost financing from developed to developing nations.

They highlighted the role of the New Development Bank (NDB) in promoting sustainable energy infrastructure, especially through local currency financing.

The Ministers advocated for adoption of fair, transparent, and consistent guidelines for assessing carbon intensity, energy classification, and mutual recognition of taxonomies and certifications.

Underscoring energy security as vital for socio-economic development, they highlighted the importance of market stability, resilient infrastructure, diversified energy sources, and critical minerals for clean technologies.

They reaffirmed the goal to double energy efficiency by 2030 and emphasized enhanced cooperation and knowledge sharing among BRICS nations.

Lastly, they committed to elevating BRICS' global energy role and advancing shared priorities under India’s Chairship in 2026.