BASIC leaders to meet in Delhi to assess Durban outcome

February 13th, 2012 - 8:20 pm ICT by IANS  

New Delhi, Feb 13 (IANS) Environment ministers from BASIC countries - Brazil, South Africa, India and China - will meet here Tuesday to assess the outcome of climate talks in Durban and the road ahead.

The meeting is significant as it is the first major international meeting of any group of countries since December 2011 after the Durban talks, which saw countries agreeing to negotiate a new climate agreement by 2015 that will come into force by 2020.

This is the tenth meeting of the environment ministers of the four BASIC countries formed in Beijing in November 2009.

“BASIC countries will discuss the outcome of Durban meeting and the way forward for them as a group. The countries will also discuss on the format of a new legal agreement,” said an environment ministry official.

The climate talks in Durban saw a major demand of BASIC quartet accepted with countries agreeing to extension of Kyoto Protocol (only legally binding agreement that calls for mandatory emission cuts by rich countries and voluntary cuts by developing nations).

The countries will also discuss the establishment of a Green Climate Fund which was agreed in Cancun in 2010.

The Durban summit re-confirmed the decision, which is supposed to make an annual $100 billion available to developing countries for the purposes of climate protection and adaptation to global warming.

Other issues to be discussed are transfer of technology by rich nations to poor nations for taking measures to fight climate change.

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