India, China Say They Must Set Aside 1% GDP To Help Third World Nitin Sethi | TNN Accra: Asian rivals India and China have joined forces to make a forceful demand that rich nations set aside 0.5%-1% of the GDP to help the developing world face the challenge posed by climate change and make good their unfulfilled commitments towards cutting back on greenhouse emissions. Supported by other developing countries as well, the demand that rich nations must pay up was formally articulated at the UN climate change negotiations here and could set the agenda over the next year. The move seeks to pressure these nations to part with funds committed under the UN Framework Convention on Climate Change (UNFCCC). The well-coordinated thrust is also a rebuke for the World Bank and other financial institutions. India has made it clear it does not want the funds to be routed through these institutions, as some rich countries have been keen to, but rather through the UNFCCC