8th BRICS Environment Ministers Meeting
The Union Minister for Environment, Forest and Climate Change, Bhupendra Yadav participated in the 8th BRICS Environment Ministers' Meeting on 20 May.
The meeting was held virtually under the chairmanship of the People's Republic of China.
Ministers and representatives of Brazil, Russia and South Africa also participated in the meeting.
The theme of the meeting - 'Foster High-Quality BRICS Partnership, Usher in a New Era for Global Development'.
The Joint Statement of the 8th BRICS Environment Ministers' Meeting was also accepted in the meeting after extensive deliberations among the BRICS countries.
The full form of BRICS is Brazil, Russia, India, China, and South Africa.
Goldman Sachs economist Jim O'Neill coined the term BRIC (without South Africa) in 2001.
He claimed that by 2050, the four BRIC economies would dominate the global economy by 2050.
South Africa was included in the list in 2010.
The presidency of the Forum is rotated annually among the members.
BRICS accounts for about 40% of the world’s population.
It accounts for 30% of the world's GDP (Gross Domestic Product).
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