Consider the following statements regarding BASIC countries 1 It is a grouping of Brazil Australia S...........

Environment and Ecology Environment- Institutional Structure

Consider the following statements regarding BASIC countries-

1. It is a grouping of Brazil, Australia, South Africa, India and China.

2. It was formed as the result of an agreement signed by the member countries in 2009.

3. These nations have a broadly common position on reducing greenhouse gas emissions and raising the massive funds that are needed to fight climate change.

Which of the above statements is/are correct?

1 and 2 only

2 and 3 only

1 and 3 only

1, 2 and 3

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Explanation:

The BASIC countries — a grouping of Brazil, South Africa, India and China.The BASIC group was formed as the result of an agreement signed by the four countries on November 28, 2009. The signatory nations, all recently industrialised, committed to acting together at the United Nations Climate Change Conference, commonly known as the Copenhagen Summit, scheduled in Copenhagen, Denmark.

These nations have a broadly common position on reducing greenhouse gas emissions and raising the massive funds that are needed to fight climate change. The BASIC countries constituted one of the parties in the Copenhagen Accord reached with the US-led grouping; the Accord, was, however, not legally binding.