News excerpt
BASIC nations urge Global Stocktake to assess developed nations' failures in COP28 climate talks.
About the news:
- During COP28, BASIC nations condemned developed nations' fragmented multilateralism in climate actions.
- BASIC nations emphasize Global Stocktake (GST) should evaluate both achievements and failures, including those of developed nations.
- The GST is expected to take centre stage, with preliminary demands from the BASIC group for accountability.
- India confirms BASIC's demands, emphasizing they are preliminary, condemning unilateralism, and trade protectionism.
BASIC countries:
- The BASIC countries (also Basic countries or BASIC) are a bloc of four large newly industrialised countries — Brazil, South Africa, India and China — formed by an agreement in 2009.
- The four countries committed to act jointly at the Copenhagen Climate Summit, including a possible united walkout if their common minimum position was not met by the developed nations.
- These nations have a broadly common position on reducing greenhouse gas emissions and raising the massive funds that are needed to fight climate change.
COP28:
- The 28th Conference of the Parties (COP) to the UN Framework Convention on Climate Change(UNFCCC) is taking place in Dubai, United Arab Emirates, from 30 November to 12 December 2023.
- Since the inception of the initial UN climate agreement in 1992, the conference has been convened on an annual basis.
- The primary purpose of COP conferences is to facilitate governmental consensus on policies aimed at mitigating global temperature increases and adapting to the climate change impacts.