BASIC 2 LAST

The Ministers also discussed how to approach the Kyoto
Protocol in its second commitment period for Annex I Parties--
the industrialized nations which adopted emission cut targets
for 2008-12 period under the agreement.
The Ministers agreed that the second commitment period
under the Kyoto Protocol is critical to achieving the global
goal of ambitious emissions reduction and global peaking of
emissions.
The effective operationalisation of the mechanisms for
providing financial and technological support to developing
countries was equally critical in enabling them to contribute
to global efforts for addressing climate change.
They also stressed that the decision on second
commitment period under the Kyoto Protocol should be taken at
Durban to ensure that there is no gap between the first and
the second commitment periods.
The Ministers observed that issues like equity,
intellectual property rights and trade, which are very
important for developing countries, were not adequately
addressed in the Cancun Agreements and should form part of the
future work of the parties.
After discussions, the Ministers decided that the
experts of the four BASIC countries will exchange views on
rules for accounting for Annex-I countries and also prepare a
synthesis document on the issue of equitable access to
sustainable development to be considered in the next BASIC
meeting. PTI