Driving the agenda of all the BRICS nations forward, the BRICS CCI Vertical on Energy will primarily focus on Renewables and will be working closely with the Government of India to prioritize policy reforms, mobilize investment, boost manufacturing, and promote sustainable development goals to achieve the ambitious RE target. Over the past three years, sustained and proactive stakeholder engagement has led to significant progress: renewable generation capacity has risen in all the BRICS Nations; transparent competitive bidding for solar and wind has seen renewable power prices drop to historic lows and reach grid parity; the biofuels blending is also increasing. Now the focus of the BRICS nations is increasing in the area of solar, wind, and bio-energy. BRICS countries account for 40% of the world population and have a greater role to play in Energy production and consumption.
Therefore, the BRICS CCI Energy vertical recognizes this need and rightly focuses on the development of Renewable Energy, Energy Storage, and Manufacturing. This Committee's mission is :