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BASIC Countries Urge Wealthier Nations to Keep Paris Promises

China, Brazil, India and South Africa have urged industrialized countries to honor financial commitments made in Paris in 2015 to help developing countries fight against global climate change, they said in a statement.

Following a meeting in Beijing, climate change ministers from the "BASIC" bloc of four major emerging economies called on rich countries "to honor their commitments and increase climate finance towards the $100 billion goal," and said more clarity was needed to "track and account for" those pledges.

Climate financing was a major bone of contention during negotiations to seal a new global deal to curb and reduce climate-warming greenhouse gases in Paris at the end of 2015, with China and other developing nations adamant that the bulk of the burden should fall to advanced industrialised nations like the United States.

As part of the Paris deal, developed countries agreed to make more funding available to a Green Climate Fund (GCF), which is designed to be used by poor and climate-vulnerable countries.

But the agreement has been plunged into uncertainty after U.S. President Donald Trump, who has questioned the scientific basis of global warming, last month proposed an end to payments to the GCF and signed an order to undo climate change regulations introduced by his predecessor.

Simone D. McCourtie /World Bank

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