Strategies for strengthening the role of BRICS in the global energy agenda

Abstract

Our paper focuses on the strategies for strengthening the role of BRICS in the global energy agenda. In particular, it looks into the current issues of energy cooperation among BRICS nations with a focus on Russia’s leading role in this process due to its vast energy resources and geopolitical influence, highlighting key partnerships, such as the Power of Siberia pipeline with China and nuclear power collaborations with India and South Africa. The research underscores the strategic significance of Russia’s energy exports and infrastructure investments, which foster energy security and economic stability among BRICS members. In spite of geopolitical challenges, it becomes apparent that Russia’s technological expertise and diplomatic engagement within BRICS drive collective efforts toward sustainable development. By integrating fossil fuels, renewable energy, and nuclear power, BRICS aims to counterbalance Western dominance, promoting a multipolar global order and altering the entrenched energy solutions worldwide. Our results might have some important and relevant implications for stakeholders and policymakers specializing in global energy polices as well as energy economics and policy matters.