From July 6, Rio de Janeiro will host the two-day BRICS+ Summit of presidents and heads of state.
With 10 current member states and many others seeking to join, the BRICS+ brings together countries with diverse political, cultural and civilizational outlooks, but which share a commitment to fostering South-South cooperation and pursuing a more equitable, multipolar global order.
Such efforts are needed more than ever, because climate-change mitigation and adaptation cannot be separated from socioeconomic development. From a production standpoint, responding to such a complex, multifaceted challenge requires integration into higher rungs of the value chain, through strategies underpinned by strong sustainability principles. In practice, that means adopting policies to incentivize energy-efficient production methods and an expansion into higher value-added industrial outputs.
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