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Prepared by: His Excellency Saif bin Hilal Al Shehhi, founder and CEO of the International Energy Security Agency
Abstract:
The BRICS group constitutes a growing economic force and a driver of global growth, trade and investment. Therefore, it has a prominent position in the global economy. Therefore, many countries of the Global South are seeking to join its membership, and the BRICS group enjoys many advantages that qualify it to play an effective role in the future transformations of the global economy, and to reduce American and Western hegemony over it, which has continued For decades since the collapse of the former Soviet Union, and the end of the cold crisis at the beginning of the 1990s .
The focus on oil and gas shows only part of the energy map of the BRICS group. The enlarged BRICS group is responsible for 51% of global greenhouse gas emissions in 2021. In addition, it plays an important role in the value chains of vital minerals in the energy transition process.
Argentina has the third largest lithium reserve in the world after Chile and Australia, while Brazil, Russia, and China account for about a quarter of the world's nickel reserves. China owns 34%, India 5%, and Brazil and Russia each own 16% of the world's rare earth metal reserves.
The agency is interested in studies of energy security, and its political and geopolitical effects, as well as the effects of energy security on stability in the system and international peace.