In a bizarre update on the newly expanded BRICs group’s work progress, BRICS Business Council energy, green economy and climate working group chairperson Mojabeng Manthata stated that she was “delighted to share that during the Russian chapter, two additional initiatives were added,” referring to the BRICS ‘fairy tales’ initiative, which is a collection of folk tales about renewable energy. The second is the integration of national carbon markets aligned with the Paris Agreement. The Group is working on a BRICS framework for voluntary carbon markets. The BRICS group is also pursuing initiatives that grow the infrastructure project pipeline, improve logistics connectivity, and they are exploring innovations in project preparation, climate financing and public-private partnerships. The group is also collaborating with the New Development Bank to establish the Clean Energy Fund.
