- At COP29, BASIC countries, a grouping of Brazil, South Africa, India, and China emphasized the importance of developed nations fulfilling their climate finance commitments without diluting their obligations.
- BASIC countries opposed attempts by rich nations to shift their financial responsibilities to emerging economies.
- BASIC reiterated the need for the full and effective implementation of the Paris Agreement (2015).
- Developed countries stressed the need for higher global climate ambition, and called on all nations, including emerging economies, to enhance their net-zero targets and implementation efforts.
- BASIC countries advocate for equitable climate action based on the principle of common but differentiated responsibilities.
| BASIC Grouping The BASIC group was formed as per an agreement signed in 2009. The signatories are recently industrialised and committed to acting together at the UNFCCC Copenhagen Summit, Denmark. BASIC have a common position on reducing greenhouse gas emissions and raising the massive funds that are needed to fight climate change. The BASIC countries constituted one of the parties in the Copenhagen Accord reached with the US-led grouping; the Accord, was, however, not legally binding. |
Dig Deeper: Read about AILAC grouping in the context of COP negotiations.
