European Union’s Carbon Border Adjustment Mechanisms require importers of carbon-intensive products, consisting of iron and steel, aluminium, cement, fertilisers, hydrogen and electricity, to account for the carbon emissions associated with their production.  | Photo Credit: Getty Images/iStockphoto BRICS countries on Tuesday (August 18, 2026) opposed what they described as “unilateral, punitive, discriminatory and protectionist” climate measures, including the European Union’s Carbon Border Adjustment Mechanisms (CBAMs), while calling for a significant increase in international funding to help developing countries adapt to climate change. The positions were contained in the joint statement adopted at the 12th BRICS Environment Ministers’ Meeting in New Delhi, held under India’s chairship. The Ministers specifically said that carbon border measures such as CBAMs could “undermine developing countries’ efforts to address climate change and build resilience”. The statement comes as the European Union’s CBAM entered its definitive phase from January 1 this year. The mechanism requires importers of carbon-intensive products, consisting of iron and steel, aluminium, cement, fertilisers, hydrogen and electricity, to account for the carbon emissions associated with their production. The EU …