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BASIC countries at COP29 have urged developed countries to fulfill their climate finance commitments and rejected attempts to reduce their financial responsibilities
BASIC countries
The BASIC group was formed as the result of an agreement signed by the four countries (Brazil, South Africa, India and China) on 28th November, 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.
This emerging geopolitical alliance, initiated and led by China, then brokered the final Copenhagen Accord with the United States.
The Copenhagen Accord is a document signed at COP 15 to the UNFCCC on 18 December 2009.
BASIC is one of several groups of nations working together to fight climate change and carry out negotiations within the UNFCCC.
Brazil, South Africa, India and China put together has one-third of the world’s geographical area and nearly 40% of the world’s population.
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