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This policy brief examines climate financing mechanisms in Brazil and South Africa, focusing on carbon pricing, green bonds, green taxonomies, and central bank regulations. It argues that these two BRICS nations are well-positioned to lead the Global South in advocating for a reformed global financial architecture—specifically the restructuring of the World Bank and IMF—to ensure more affordable and equitable climate finance for developing economies.

A report by Ember detailing the increasing dominance of BRICS nations in global solar power generation, highlighting that these countries accounted for over half of the world's solar electricity in 2024, led primarily by China, India, and Brazil.

The Renewables Bulletin: BRICS Edition provides data on the energy transition across BRICS nations, highlighting the dominant role of China in renewable electricity generation and capacity, while noting varying levels of progress in solar and wind adoption across the bloc.

This report by Global Energy Monitor analyzes the power sector transition within the BRICS bloc, noting that non-fossil power capacity is poised to exceed fossil-fueled capacity for the first time in 2024. While the bloc hosts a significant portion of the world's coal capacity and continues to develop new fossil fuel plants, there is a massive pipeline of wind, solar, and hydropower projects that could potentially align the group with global goals to triple renewable capacity by 2030.

The BRICS nations experienced a record-breaking expansion of power capacity in 2025, characterized by a simultaneous surge in both fossil fuel and renewable energy installations. While solar and wind additions reached historic highs, primarily driven by China and India, fossil fuel capacity also saw its largest net annual increase on record. This 'split transition' is marked by a trend where coal capacity continues to grow even as coal-fired generation declines in leading nations due to the rapid scaling of renewables.