BASIC nations say three issues non-negotiable at Cancun climate talks (2)

20:09, December 07, 2010      

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"BASIC nations come to Cancun with sincerity and willingness to work to make Cancun a success," said Xie Zhenghua, head of the Chinese delegation.

Xie said that while the BASIC nations were taking a public stand, their position is one that is held by the bulk of the Group of 77 plus China, a developing nation group.

One of the most problematic issues is the fast-track fund, known as the Green Fund, discussed in last year's climate change conference in Copenhagen.

The fund, proposed in early 2009 by Mexican President Felipe Calderon, was approved with 30 billion U.S. dollars in immediate funding from governments by 2012, followed by an annual 100 billion dollars in long-term financing mainly from the private sector.

"So far the fund has not been fast, it has not started and there is very little financing," Ramesh said, adding that the BASIC nations were clear that the vast majority of the money should not come to them. "The 30 billion was meant for less developed countries, African countries and small island states."

The insistence on the three issues is intended to push negotiations forward, not to ruin them, South African Energy Minister Dipuo Peters said at the same press conference.

"We are very positive about the issues we have identified and we look forward to engaging," Peters said.

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