Climate change: BASIC states ask developed countries to scale up financial aid

Ahead of the UN climate conference in Poland next month, the BASIC (Brazil, South Africa, India, and China) group met to put pressure on developed countries to meet pre-2020 climate efforts and to “progressively” and “substantially” scale up their financial support for future action.

The group, through a joint statement, urged developed countries to take urgent actions to close the pre-2020 implementation gaps by 2023 which they said can be a useful input for the first Global Stocktake (GST) — which they said should be conducted in light of equity and the best available science.

‘Global stocktake’ refers to a proposed five-yearly review of the impact of countries’ climate change actions.

Under the Paris Agreement, every country must present a climate action plan in five-yearly cycles. It is supposed to be similar to the plan countries submitted in the run-up to the talks that concluded last week.

Under the Paris Agreement, the first global stocktake will happen in 2023. It will assess whether the net result of the climate actions being taken was consistent with the goal of keeping the increase in global average temperature from pre-industrial times to within 2 degree Celsius. The stocktake will help the world determine whether it needs to do more — and how much more.

While every country is required to participate in the global stocktake, the exercise will not assess whether actions of any individual country are adequate or not. It will only make an assessment of the “collective” efforts of the world. That is because the climate actions are supposed to be “nationally determined”, and nations have problems over being told by others what they should do. The stocktake will not go into who should do how much — and will rather focus on what needs to be done.

In accordance with the demands of developing countries, the stocktake will cover not only the results of actions to reduce greenhouse gas emissions but of actions being taken to adapt to the effects of climate change as well. It will also include an assessment of whether developed countries are offering adequate help to developing countries by providing money and technology, as mandated by the Paris Agreement.

About BASIC Nations:

BASIC countries are bloc (geopolitical alliance) of four large newly industrialized countries – Brazil, South Africa, India, and China. It was formed by agreement in November 2009. They were committed to acting jointly at Copenhagen climate summit 2009, including possible united walk-out if their common minimum position was not met by developed nations during climate talks.

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