{"id":37328,"date":"2018-11-21T17:12:25","date_gmt":"2018-11-21T11:42:25","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=37328"},"modified":"2018-11-21T17:12:25","modified_gmt":"2018-11-21T11:42:25","slug":"basic-nations-push-for-climate-finance","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/basic-nations-push-for-climate-finance\/","title":{"rendered":"BASIC nations push for \u2018climate finance\u2019"},"content":{"rendered":"<p><a href=\"https:\/\/www.thehindu.com\/sci-tech\/energy-and-environment\/basic-nations-push-for-climate-finance\/article25551454.ece\">BASIC nations push for \u2018climate finance\u2019<\/a><\/p>\n<p><strong>News:<\/strong><\/p>\n<ol>\n<li>The top climate change negotiators from Brazil, South Africa, China and India<strong> (BASIC)<\/strong> convened in Delhi recently to push for developed countries on their earlier commitment to providing $100 billion annually from 2020.<\/li>\n<\/ol>\n<p><strong>Important Facts:<\/strong><\/p>\n<ol start=\"2\">\n<li>The meet was held ahead of the United Nations Conference of Parties (COP24) to be held in December, in Katowice, Poland.<\/li>\n<li><strong>About Katowice Conference:<\/strong><\/li>\n<\/ol>\n<ul>\n<li>The representatives from at least 190 countries, think-tanks, and activists will converge in Katowice, Poland to try to agree on a Rule Book that will specify how countries will agree to take forward commitments taken at the 21st COP in Paris in 2015.<\/li>\n<li>In CoP21 in Paris, the countries had agreed to take steps to limit global warming to 2C below pre-industrial levels and \u201cas far as possible\u201d limit it to 1.5C before the end of the century.<\/li>\n<\/ul>\n<ol start=\"4\">\n<li><strong>About BASIC meeting:<\/strong><\/li>\n<\/ol>\n<ul>\n<li>This<strong> 27th BASIC meet<\/strong> chaired by Minister of Environment, Forest and Climate Change of India expressed their \u201cdeepest concern\u201d over some developed nations\u2019 attempting at unilaterally applying <strong>new eligibility criteria<\/strong> for developing countries\u2019 access to funding under the Global Environmental Facility and the Green Climate Fund.<\/li>\n<li>Such criteria, according to the ministers, \u201care not compatible with guidance from the Conference of the Parties and are a departure from the letter and spirit of the Convention and its Paris Agreement.<\/li>\n<li>The BASIC ministers urged developed countries to honor their commitments and <strong>increase climate finance<\/strong> towards at least $100 billion per annum goal by 2020, to be scaled up significantly thereafter.<\/li>\n<li>The BASIC group also encouraged developed countries to progressively and substantially scale up their financial support and finalise a<strong> new collective finance goal <\/strong>to inform parties for future action through <strong>NDCs<\/strong> (nationally determined contributions).The NDCs are the commitments made by countries to adapt to climate change and reduce emissions.<\/li>\n<li>In the post-2020 period, the ministers called upon developed countries to provide financial resources to assist developing countries with respect to both <strong>mitigation and adaptation<\/strong> in continuation of their existing obligations under the convention.<\/li>\n<li>The ministers also called upon to clarify about <strong>what constitutes<\/strong><strong> climate finance.<\/strong>g., whether investments made by private companies in developed countries in new green technology or improving efficiency in a thermal plant count as climate finance.<\/li>\n<\/ul>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-37324\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2018\/11\/about-5.jpg?resize=564%2C321&#038;ssl=1\" alt=\"\" width=\"564\" height=\"321\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2018\/11\/about-5.jpg?w=564&amp;ssl=1 564w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2018\/11\/about-5.jpg?resize=150%2C85&amp;ssl=1 150w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2018\/11\/about-5.jpg?resize=300%2C171&amp;ssl=1 300w\" sizes=\"auto, (max-width: 564px) 100vw, 564px\" \/><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BASIC nations push for \u2018climate finance\u2019 News: The top climate change negotiators from Brazil, South Africa, China and India (BASIC) convened in Delhi recently to push for developed countries on their earlier commitment to providing $100 billion annually from 2020. Important Facts: The meet was held ahead of the United Nations Conference of Parties (COP24)&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/basic-nations-push-for-climate-finance\/\">Continue reading <span class=\"screen-reader-text\">BASIC nations push for \u2018climate finance\u2019<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-37328","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704914637},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/37328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=37328"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/37328\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=37328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=37328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=37328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}