Ministers of India, Brazil, South Africa, and China representing BASIC Group meet at COP27 in Egypt

Ministers of India, Brazil, South Africa, and China representing the BASIC Group met at COP27 in Egypt. They pledged their full support to the Egyptian COP27 Presidency for a successful conference. They emphasised the principle of common but different responsibilities and respective capabilities, in light of national circumstances.

The Ministers highlighted that despite the enormous developmental challenges and pressures of poverty eradication, the BASIC countries continue to lead from the front on climate change actions.

Speaking on the occasion, Environment Minister Bhupender Yadav emphaised that all countries are entitled to their fair share of the global carbon budget and must stay within this in their cumulative emission. He said physical access to the remaining carbon budget must be provided by developed countries reaching net zero much earlier than their current target dates.

He added that access to the fair share of the full budget must be provided. The Minister pointed out that this can be done through extensive negative emissions and monetizing the carbon debt of the developed countries.