The fragile compromises of the BRICS summit
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The fragile compromises of the BRICS summit
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In today's episode of The Daily Brief, we cover a deep dive and another story for the day shaping Indian and global markets:
1. The BRICS Summit: What Was Actually Achieved?
We’ll cover:
●Why BRICS is struggling to build an alternative to the US dollar
●The challenges around local-currency payments and a BRICS currency
●What the summit revealed about tensions between India, China, Russia, Iran and the UAE
2. UK Recognises India’s Carbon Market
We’ll cover:
●How the UK’s CBAM affects Indian exporters
●Why India’s carbon credits cannot simply offset the UK’s carbon charge
●The challenges around carbon pricing, verification and claiming relief
Audio Timestamps
00:04 Intro
00:30 Inside the BRICS summit
13:43 UK recognises India’s carbon market
21:18 Tidbits
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