News > BASIC bloc charges rich nations with double standards

BASIC bloc charges rich nations with double standards

17/11/2022 07:37 AM | Click to read full article

The BASIC group of four large developing nations have accused the rich nations of having "double standards" on fossil fuel use. The developed countries, the group said, significantly increased their consumption and production of fossil fuels in the past year even as they continue to press developing countries to move away from the same resources. The ministers also sought major systemic reforms in multilateral development banks for better availability of climate finance.

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