Why in News

  • The BASIC grouping countires has said during the COP-28 here that the Global Stocktake should also account for the failures of the developed nations.

  • The Global Stocktake (GST) is a fundamental component of the Paris Agreement.

  • GST is used to monitor its implementation and evaluate the collective progress made in achieving the agreed goals. 

  • During the ongoing climate talks, the Global Stocktake is expected to take centre stage.

BASIC countries

  • The BASIC countries are a bloc of four large newly industrialised countries formed by an agreement in 2009.

  • The four committed to act jointly at the Copenhagen climate summit, including a possible united walk-out if their common minimum position was not met by the developed nations.

  • Nearly 1,00,000 delegates from 198 countries are participating in the global conference which commenced on Thursday and will run through December 12.

  • The BASIC countries are Brazil, South Africa, India and China.

  • They collaborate on issues of common interest, such as climate change, energy security, and sustainable development. 

  • The acronym BASIC stands for the first letters of the four countries.



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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: BASIC Countries UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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