India, China, Brazil and South Africa, the four nations who form BASIC, today asked developed countries to quickly fulfill their obligation of providing USD 30 billion fund to poor nations to tackle climate change that will ensure the success of this year's Cancun Summit.
Environment Ministers of the four countries, including India's Jairam Ramesh, underscored at a meeting in Chinese city of Tianjin that the fast-start finance will be the key to enhance confidence in the multilateral process and enable success in Cancun.
The four countries emphasised that USD 30 billion should be made available as soon as possible in a transparent manner, a joint statement issued at the end of 5th BASIC Ministerial Meeting on Climate Change said.
Developed nations had pledged USD 30 billion during the Copenhagen Summit last year to poor countries and to secure USD 100 billion annually from 2020, but the picture is not yet clear on how to meet these commitments.
The BASIC environment ministers also made it clear that outcome should not in any way deviate from the mandate of the Bali Roadmap which speaks of historical responsibility of developed countries to take steps to curb carbon emissions and provide finance and technology to developing nations.
"They expressed their concern with the lack of transparency and the relevant information on fast start finance and reiterated that these resources must be new and additional to the existing ODA (Official Development Assistance) and bilateral funds," the statement said.
The meeting attended by Environment Ministers of Yemen, Argentina, Grenada, Ethiopia and Egypt also chalked out the strategy for the Cancun climate summit.
BASIC countries are opposed to any legally binding reductions.
The Ministers emphasised that "the outcome of Cancun conference should be based on the balance between and within the two negotiating tracks under UN Framework Convention on Climate Change (FCCC) and Kyoto Protocol, and that it should be open, transparent, inclusive, party driven and based on consensus."
The ministers emphasised that "the outcome in Cancun should pave the way for a legally binding outcome next year in South Africa. The Cancun outcome should not in any way deviate from the mandate of the Bali Roadmap."
Aggregating that mid-and long-term financial support provided by the developed nations were also an important part of the Cancun outcome, the Basic group affirmed its full support for the establishment of a new fund under the UNFCCC by the developed nations to be funded by public money and not private, as suggested by the rich countries.
The ministers strongly opined that equitable access to sustainable development will be the core of and foundation for any climate change agreement and that this will be the prerequisite for setting up any global emission reduction target.
They also urged developed countries to commit to more ambitious emission reduction targets under the second commitment period of the Kyoto Protocol.
The Ministers called for developed countries that did not ratify the Kyoto Protocol to undertake comparable emission reduction targets under the Convention.
They also said that developed countries should fulfil their obligations of technology transfer and agreed that intellectual property rights should not be allowed to become a barrier to technology transfer.
"They were of the view that positive progress should be made in Cancun for the establishment of effective mechanism for technology development and transfer," it said.
The next meeting of the BASIC Ministers will be held India in February next year.
The ministers rejected the developed nations proposal of unilateral actions against products and services of developing nations on grounds of combating climate change, including tax and non-tax, or other fiscal and non-fiscal border or other measures.
It is against the principles and provisions of the UNFCCC and will seriously jeopardise international pact on climate change and global trade, the ministers said.
They emphasised the importance of the issue of equitable access to sustainable development as a central element in building a comprehensive and balanced outcome for climate change negotiations.