India, other BASIC nations question OECD report

India along with other BASIC nations on Wednesday questioned a recent OECD report which claimed that significant progress has been made on $100 billion fund for developing nations to mitigate climate change and sought a transparent mechanism for better accounting of financial flows.
Organisation for Economic Co-operation and Development had recently come out with a paper in partnership with Climate Policy Initiative 'Climate Finance in 2013-14 and the $100 billion goal', claiming significant progress has been made on a roadmap for $100 billion a year climate change financing by 2020 and $62 billion has already been given.
In 2009, industrialised countries had pledged $100 billion to developing nations to help them fight the challenge of climate change.