"The outcome of Durban should be comprehensive, balanced and ambitious, within the context of sustainable development and poverty eradication and in accordance with the provisions and principles of the Convention, in particular the principles of equity and common but differentiated responsibilities and respective capabilities," said a joint declaration issued after the 5th IBSA Summit.
Prime Minister Manmohan Singh, South African President Jacob Zuma and Brazilian President Dilma Rousseff also pointed out that the Durban Conference was the last opportunity to reach an agreement before the Kyoto Protocol completes its tenure next year. The leaders "called for an agreement on the second commitment period under the Kyoto Protocol as well as the early operationalisation of all the institutions agreed to at the climate talks in Cancun last year.
They agreed that an appropriate assessment of the Green Climate Fund should be undertaken during the Durban talks, in order to ensure its adequate structure, with a view to timely disbursements to developing countries.
"Furthermore, there is a need to ensure that accounting of finance by all developed countries is consistent, complete, comparable, transparent and accurate, and should include detailed and comprehensive information on fast start financial flows provided by developed countries," the joint declaration said.