New Delhi: India on Sunday slammed the US and
other parties to the Copenhagen Accord for failing to deliver
"fast track" financial obligations to Least Developed
Countries (LDCs) and other nations facing the risk of climate
Environment Minister Jairam Ramesh said the United
States and other parties to the Copenhagen Accord had agreed
to raise USD 30 billion for helping poor nations most at risk
of climate change.
"The continued inability to deliver on fast track
finance to my mind is a betrayal of the trust and the betrayal
of a grand bargain at Copenhagen," he told reporters after the
conclusion of Sixth BASIC Ministerial Meeting on Climate
The BASIC nations are Brazil, South Africa, India and
"USD 30 billion was the total commitment for 2010, 2011
and 2012. I would be surprised, if the total disbursement
exceeds two digits so far," Ramesh said at the joint press
conference attended by Vice Chairman of the National
Development and Reform Commission of China Xie Zhenhua,
Brazilian Environment Minister Izabella Monica Vieira Teixeira
and his South African counterpart Bomo Edith Edna Molewa.
The minister said the United States "includes 26 million
dollars funding to India" as part of the fast track funding
"And today my Brazilian colleague gave me example of
how some funding for Brazil is included as part of the EU fast
track finance. Fast track finance must meet two conditions.
No.1 it must be new and additional. No 2, it must be to
Africa, small island states and LDCs," he said.
"I think this remains to my mind the single biggest
disappointment ever since the Copenhagen Accord was signed,"
At the United Nations' climate change conference in
Copenhagen 14 months ago, the US and other parties to the
Copenhagen Accord had agreed for fast track finance meant for
Africa, small island states and the LDCs, which are at risk of
flooding, drought, disease outbreaks and other catastrophes
caused by climate change.
Ramesh said it was "highly regrettable and most
unfortunate" that even after the 14 months of Copenhagen
Accord "there is hardly been any significant disbursal".
The Maldives Environment Minister who attended the BASIC
Plus meeting has said that it had received no funding, he
Today's meeting was also attended by representatives of
Argentina, which is going to be the chair of the G-77 group
from 2011, and special representative of the Environment
Minister of Algeria.
First Published: Sunday, February 27, 2011, 23:46