BASIC countries have said that the lack of a serious approach to climate finance will jeopardize the enhanced mitigation and adaptation ambition as well as Net Zero pledges of parties.<br />''<br />''Taking the floor on behalf of BASIC (Brazil, South Africa, India and China), India delivered the group statement at the joint-stock take plenary at COP26 in Glasgow. It said the BASIC countries support strong and credible domestic mitigation actions by developed country parties without undue reliance on cheap offsets to maintain their high carbon and unsustainable lifestyles.<br />''<br />''Delivering the statement, Lead Negotiator (India) and Additional Secretary in Environment Ministry, Richa Sharma said the grouping supports markets that are credible and have high environmental integrity and strong non-market approaches as well.<br />''<br />''She highlighted that cover decisions of COP26 should remain within the confines of the UNFCCC and the Paris Agreement and be fully consistent with its guiding principles of equity and Common But Differentiated Responsibilities and Respective Capabilities.<br />''<br />''<span style="color: #222222;">Ms. Sharma also said that the planet will benefit from strong implementation of the Paris Agreement particularly in this critical decade.</span><br />