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PIB Daily – 29th October 2019 – IASToppers

29th BASIC Ministerial Meet on Climate Change; BASIC countries;
By IASToppers
October 29, 2019

Contents

Bilateral & International Relations

  • BASIC Countries Urge Developed Nations to Adhere to Paris Agreement

 

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Bilateral & International Relations

BASIC Countries Urge Developed Nations to Adhere to Paris Agreement

At the 29th BASIC Ministerial Meet on Climate Change held at China, BASIC countries have urged the developed countries to take urgent action to close gaps and provide support to developing nations as a part of the commitment under the Paris agreement on climate change.

29th-BASIC-Ministerial-Meet-on-Climate-Change-1

HIGHLIGHTS OF THE 29TH BASIC MINISTERIAL MEET ON CLIMATE CHANGE:

  • Underlined the importance of implementation of the United Nations Framework Convention on Climate Change (UNFCCC), its Kyoto Protocol and its Paris Agreement.

29th-BASIC-Ministerial-Meet-on-Climate-Change

  • Ministers expressed their appreciation to the Polish Presidency’s contribution to the conclusion of the bulk of the Paris Agreement Work Programme (PAWP).
  • They urged developed countries to fulfill their climate finance commitments of providing USD 100 billion annually by 2020 for developing countries in a transparent and grant-based manner.

Developing countries, including BASIC countries have been implementing climate action in the context of sustainable development, and have achieved great progress.

For example,

  • In 2018, China has reduced carbon dioxide emissions per unit of GDP (by 45 %) and increased the share of non-fossil fuels
  • South Africa has recently implemented carbon tax, and announced renewable energy program in its latest electricity plan.
  • India has already achieved 21% reduction in emission intensity of GDP in 2014 compared to 2005 levels, thereby achieving its pre-2020 voluntary target.

ABOUT BASIC COUNTRIES

  • The BASIC is a grouping of four large newly industrialized countries – Brazil, South Africa, India and C
  • The BASIC group was formed as the result of an agreement signed by the four countries in 2009. The four countries committed to act jointly at the United Nations Climate Change Conference 2009, known as Copenhagen climate summit. This alliance then brokered the final Copenhagen Accordwith the United States.
  • Subsequently, these nations work towards reducing greenhouse gas emissionsraising the massive funds that are needed to fight climate change and carry out negotiations within the UNFCCC.
  • However, in January 2010, the grouping described the Accord as merely a political agreement and not legally binding.

SIGNIFICANCE OF BASIC COUNTRIES

Significance of BASIC countries

  • China, India, and Brazil are the world’s second, fifth, and ninth-largest economies.
  • BASIC countries put together has one-third of world’s geographical areaand nearly 40% of the world’s population.
  • BASIC is one of several groups of nations working together to fight climate change and carry out negotiations within the UNFCCC.
[Ref: PIB, News18, Down To earth]

 

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