BASIC countries or bloc of four newly industrialised nations - Brazil, South Africa, India and China in a joint session on climate change asked the developed economies to provide climate finance to developing nations.
The 30th session of the ministerial committee was held on Thursday. The committee was chaired by Prakash Javadekar, Union minister of environment, forest & climate change and attended by key ministers from the other three countries.
"The Ministers expressed their deep concern on the insufficiency and inadequacy of the support provided by developed countries to date. The scale and speed of climate finance from developed countries