Developing a Transition Finance Roadmap for BRICS

The research was prepared jointly by the International and Comparative Law Research Center, the Green Development Institute, and Net Zero Asia Limited with the participation of climate finance experts from China, Brazil, Russia, South Africa, and India and focuses on the prospects for developing transition finance in BRICS countries. The work analyzes the current progress, challenges and opportunities for member states in decarbonizing their economies, identifies barriers to develop transition finance in BRICS. 13 actions are proposed to implement the BRICS principles of transition finance, which could lay the foundation for an ecosystem of transition finance in BRICS and help guide countries in mobilizing public and private investments to support their decarbonization efforts.