BRICS Call for Accelerating Growth and Sustainable Development

29 March 2012: At the conclusion of a one-day meeting, leaders from Brazil, Russia, India, China and South Africa (BRICS) issued the New Delhi Declaration on Partnership for Global Stability, Security and Prosperity, which calls for accelerating growth, sustainable development, and food and energy security. 

The BRICS met on 29 March 2012, in New Delhi, India, under the theme "Partnership for Global Stability, Security and Prosperity." The Declaration underscores their commitment to addressing climate change under the UN Framework Convention on Climate Change (UNFCCC), and outlines their objectives ahead of the UN Conference on Sustainable Development (UNCSD, or Rio+20).

On climate change, the Declaration welcomes the outcomes of the UNFCCC Conference in December 2011, held in Durban, South Africa, and reiterates their commitment to addressing climate change in accordance with the principles of equity and common but differentiated responsibilities and respective capabilities. The Declaration underscores that climate change action should focus on “sustainable and inclusive growth” rather than “capping development.”

On sustainable development, the Declaration highlights the opportunity presented by Rio+20 to renew political commitments to sustainable development and underscores the importance of the principle of CBDR, Agenda 21 and the Johannesburg Plan of Implementation (JPOI). It notes the relevance of the conference themes, namely green economy in the context of sustainable development and poverty eradication, and the institutional framework for sustainable development (IFSD). The Declaration further affirms that the “still to be defined concept” of green economy has to be seen as a means for achieving sustainable development and poverty eradication, rather than an end, and opposes any resulting barriers to trade and investment. The also Declaration reaffirms the Millennium Development Goals (MDGs) as fundamental, stressing the need for enhanced financial support to achieve the goals by 2015 and beyond.

Other issues highlighted by the Declaration include: the need for a more inclusive international financial architecture; reducing volatility in food and energy commodity prices; expanding renewable energy; and addressing the problems posed by rapid urbanization. [BRICS New Delhi Declaration] [BRICS Summit Website]