The Ministers also stressed the importance of achieving the

goal of providing USD 100 billion per year by 2020 as committed by developed countries and underscored the need for a clear roadmap in this regard. The European Union's move to push for an EU model single global carbon emissions framework for air travel in the International Civil Aviation Organisation (ICAO) was also strongly opposed by the BASIC nations. "In the context of international civil aviation negotiations in ICAO, they (BASIC) rejected the unilateral approach of EU under the EU-ETS and reiterated the importance of adhering to multilateralism," the statement said. There was no need to focus on the entire basket of measures and considerably enhance work on non-market based measures. "The discussion on market based measures in ICAO, even if these market based measures are undertaken within the national jurisdiction, should be based on the principles of the UNFCCC, (United Nations Framework for Climate Change Convention) environmental integrity, voluntary participation and not prejudge the outcome of the negotiations in UNFCCC," it said. Elaborating on the need to operationalise Green Climate Fund, Natarajan said it was not possible for developing countries to battle climate change unless there was adequate funding. "Finance in the short and long term becomes extremely important and capitalisation of green climate fund is something that has a very important role. Therefore, there has to be a clear road map on how finances is going to be increased in the short term and in the long term," she said. The Minister said the meeting emphasised the importance of the unity of BASIC countries and their close engagement with G77 and China group in voicing concern of developing countries in the forum of United Nations Framework for Climate Change. She said it was decided that there would be no renegotiation of what was agreed upon at Durban.