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UPDATED: October 30, 2013
Developed Countries Urged to Honor Obligations by BASIC
By Liu Yunyun
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A joint statement released after the conclusion of the 17th BASIC Ministerial Meeting on Climate Change on October 29 concluded that "Finance is the key to the success of the Warsaw Conference."

The meeting was held in Hangzhou, east China's Zhejiang Province, on October 28-29, and attended by Xie Zhenhua, Vice Chairman of the National Development and Reform Commission of China; Ambassador José Antonio Marcondes de Carvalho, Under Secretary-General for the Environment, Energy, Science and Technology of the Ministry of External Relations of Brazil; Ravi Shanker Prasad, Joint Secretary of Ministry of Environment and Forests of India; and Maesela Kekana, Chief Director in charge of International Climate Change Negotiation and Relations of Department of Environmental Affairs of South Africa.

At a press conference attended by the four ministers, it was emphasized that the Warsaw Conference should be a Conference of the Parties, and that the effective implementation of the Bali, Cancun, Durban and Doha resolutions will be paramount in building trust between those involved.

The ministers urged developed countries to honor their obligations to provide new, additional and adequate financial support to developing countries in a measurable, reportable and verifiable manner, with firm and secured commitments to funding for the period from 2013 to 2020 and a clear plan for reaching the goal of providing $100 billion per year by 2020.

Ministers agreed that discussions on new market mechanisms will be meaningless unless mitigation targets by developed countries are significantly increased.

The BASIC countries are a bloc of four large developing countries – Brazil, South Africa, India and China – formed by an agreement on November 28, 2009. The four committed to act jointly at the Copenhagen climate summit.

(Reporting from Hangzhou, Zhejiang Province)

 



 
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